EnergyWatch

E.on opposes zero-subsidy bid for German offshore wind

German energy group E.on will fight hard to secure a position as market leader in Germany's offshore wind market. But it will not be with zero-subsidy bids.

Photo: EON

E.on Se got off to a rocky start this year as the accounts showed a decline in the adjusted net result to EUR 525 million, down from EUR 658 million in the first quarter 2016 – a 20 percent drop.

But the weak beginning to 2017 is only temporary, stated the German company during Tuesday's conference call, where it was emphasized several times that E.on would make up for the setback during the remainder of the year.

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