Utilities & Clean technology Correspondent, London
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Nov 9, 2011

Renewables set to help European utilities’ profits

LONDON/PRAGUE (Reuters) – Utilities in Britain, the Czech Republic and Germany expect power generation from renewable energy sources and cost cuts to help them weather higher gas purchasing prices and support earnings for the current financial year.

European governments are enticing companies with different subsidy systems to expand the use of the sun, water and wind to generate power in order to cut greenhouse gas emissions and in the face of public opposition to coal-fired power plants.

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    • About Adveith

      "I moved to Reuters' London bureau in February to cover green technology and UK utilities after a stint in Bangalore. In four years with Reuters, I have covered some of the biggest utilities and clean technology companies in the United States and Britain, from bureaus in London, Bangalore and, briefly, New York. I have also been a key part of two of the company’s biggest headline news operations – in Bangalore and London - since 2008, sending fast news alerts on the biggest companies on both sides of the Atlantic. I enjoy writing about sports, and occasionally contribute to Reuters' sports blog, ..."
      Joined Reuters:
      May 2008
      Languages:
      English, Hindi, Malayalam
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