Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, February 23, 2017

German energy giant RWE posts 5.7-bln-euro loss in 2016

German energy giant RWE posts 5.7-bln-euro loss in 2016 Frankfurt Am Main (AFP) Feb 22, 2017 - German energy provider RWE on Thursday announced a surprise loss of 5.7 billion euros for 2016, hit by writedowns on its plants and one-off costs related to the country's exit from nuclear power. "The difficult market environment made impairments necessary. In addition, the nuclear energy fund imposed a substantial one-off burden on us," chief executive Rolf Martin Schmitz said in an unsched ... morehttp://www.nuclearpowerdaily.com/reports/German_energy_giant_RWE_posts_57-bln-euro_loss_in_2016_999.html

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