EnergyWatch

German Energy Faces Turbulence as CEOs Prepare for Deals

In the wake of the break up of the country's two biggest utilities, German utilities are caught up in a wave of deals, promising to shake up the country's energy industry this year.

Photo: Mainstream Renewable Power

After last year’s unprecedented shakeup, anyone who thought the German energy industry was in for a quieter time 2017 is likely to be disappointed.

After the break up of the country’s two biggest utilities, there are more deals on the way. Engie SA of France is weighing a bid for Innogy SE, while its majority owner RWE AG is considering all options, including making acquisitions of its own. The utilities have appointed advisers to shape strategy in the new energy world where renewables are king.

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