RWE May Invest in Photovoltaic Plants on Lower Costs
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EON AG and RWE AG, Germany’s biggest utilities, are stepping up investments in solar energy as falling prices for the technology and the country’s nuclear exit make them chase fresh revenue streams.
EON plans to add 70 megawatts of photovoltaic capacity a year from 2013, compared with a total of 51 megawatts it has built since 2008, Christian Drepper, a spokesman, said by phone yesterday. RWE, which previously has withheld support for photovoltaics, may boost investments in the technology after a decline in the cost of panels.