E.on turns back on offshore wind at all-time low prices

At the current price level, Germany's E.on will not be investing further in offshore wind farms.
Photo: EON
Photo: EON
BY RITZAU FINANS

German utility E.on does not plan to invest in any more offshore wind farms in the current price environment. The prices are too low to generate sufficient returns, says the company's CFO Marc Spieker, according to Bloomberg News.

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