EnergyWatch

RWE will reward shareholders with nuclear tax refund

The refund of an nuclear tax, now deemed illegal by the German courts, will mean extra cash and an improved debt position at the German energy company where trade and gas are driving growth more than renewables.

It is a rare event when a billion-euro company can report six-fold growth in profit.

Yet this is the reality for German utility RWE, which reports a profit in net earnings of EUR 2.7 billion in the first six months of the year, after booking EUR 457 million for the same period last year.

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