E.ON to invest 7 billion Euro on renewable energy

Energy provider E.ON is set to invest 7 billion Euro over the next five years in renewable energy and offshore wind farms. One of the first things to be built using the cash will be the Amrumbank wind farm in the German North Sea, which is expected to supply enough green electricity to 300,000 households. […]

E.ON sells off stake in Gazprom

E.ON has sold its stake in Russian energy giant Gazprom as part of a bid to generate £12.6bn from asset sales. The German company’s subsidiary E.ON Ruhrgas held a 3.5% stake in Gazprom and had already sold 0.8%. Yesterday it revealed the remaining 2.7% had been bought by Russia’s state-owned investment bank VEB. E.On is […]