E.on confirms strategy focused on renewables

UK: E.on's now sees renewables and wind energy as more attractive than nuclear and has begun a turnaround in its strategy, according to the energy company's CEO.

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E.on CEO Johannes Teyssen was speaking to German business daily Handelsblatt the day after his firm, together with RWE, announced they were abandoning plans to build a new nuclear power station on the island of Angelsey in north Wales.

"We have come to the conclusion that investments in renewable energies, decentralised generation and energy efficiency are more attractive –– both for us and for our British customers," said Teyssen. "It was not a question of whether investment in new nuclear power stations would in the end be profitable. This could even still be the case, which is why we are looking
for a new owner.

"It [nuclear] continues to be attractive – but not for us. Our priorities have changed."

Last week, E.on announced it is going ahead with the construction of Poland's largest wind energy development to date, the 55MW Wysoka wind farm.

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