Economics
NRG's GreenCo Plan Echoes Clean-Power Shift in Germany
- NRG to form new unit to hold solar, car-charging operations
- EON pursuing plan to spin off fossil-fuel generating assets
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NRG Energy Inc.’s decision to create a new unit for renewable energy operations should look familiar to anyone who’s been watching the utility industry in Europe.
NRG realized it’s difficult to manage renewable energy and conventional power –- increasingly different businesses -– under the same umbrella. Germany’s largest utility EON SE reached the same conclusion last year.