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RWE bullish on U.S. market regardless of election outcome
Global Banking & Finance Review®
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FRANKFURT (Reuters) – RWE remains bullish on the U.S. market, saying the outcome of upcoming presidential elections would not affect the market’s expansion of clean technologies.
FRANKFURT (Reuters) – RWE remains bullish on the U.S. market, saying the outcome of upcoming presidential elections would not affect the market’s expansion of clean technologies.
“Regardless of the outcome, I am convinced that the expansion of renewables there will continue at a fast pace,” CEO Markus Krebber told reporters after presenting first-half results.
Krebber declined to comment on a recent report saying RWE was interested in buying a minority stake in U.S. utility Calpine.
(Reporting by Christoph Steitz, Vera Eckert and Tom Kaeckenhoff, editing by Thomas Seythal)
Renewable energy is energy derived from natural processes that are replenished constantly, such as solar, wind, and hydroelectric power. It is considered more sustainable compared to fossil fuels.
A minority stake refers to owning less than 50% of a company's shares. This type of ownership typically does not provide control over the company's decisions but can still yield financial benefits.
Clean technologies are products, services, or processes that use renewable materials and energy sources, reduce emissions and waste, and have a minimal environmental impact.
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