Buying ConEd’s 3GW renewable business will make RWE America’s fourth-largest provider of green energy. Yet some investors argue that the company is not ambitious enough
Save time by listening to our audio articles as you multitaskhas become a household name in its home country as an operator of nuclear plants and lignite mines—which has made it the target of many a protest over the years. In 2019, for instance, activists camping in dozens of treehouses stopped it from clearing what was left of the Hambacher forest, a once-vast tract of woodland in western Germany, in order to continue mining lignite.
ConEd’s 3America’s fourth-largest provider of green energy, but also comes with a pipeline of wind and solar projects of over 7could exit from coal even earlier than 2030. Markus Krebber, the firm’s boss, told analysts that its lignite business is likely to be hived off as a non-profit foundation as soon as the current energy crisis ends and German politicians have the time to give regulatory approval.is not ambitious enough.
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