RWE’s First-Half Earnings Drop After Decline in Power Prices
- Adjusted ebitda fell to €2.9b from €4.1b a year earlier
- US election poses risk for wind and solar investments
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Germany’s largest power producer RWE AG saw earnings fall by nearly a third in the first half after a decline in power prices weighed on results.
The energy company said adjusted earnings before interest, taxes, depreciation and amortization amounted to €2.9 billion ($3.2 billion) in the six months through June, down from €4.1 billion a year earlier.