German giant energy producer E.ON has announced that it is to undergo a major restructuring of its business strategy in a bid to put it at the forefront of the future of energy production, and to shore up its fortunes. Of particular focus for the utility group will be the development of ‘green’ energy, with the emphasis shifting towards renewables, distribution networks and customer solutions.
E.ON sees a real future in wind and solar energy (which is currently far more accepted and utilised in Germany than in almost any other European country), and wants to focus on exploring sustainable and commercially viable options for the future of cleaner energy production.
A challenging time for the Big Six
And where E.ON leads, the others members of the ‘Big Six’ will probably follow, with many within the industry believing that this decision by Germany’s largest utility firm could mark a turning point in how seriously energy suppliers regard...