RWE said 3.1 gigawatts (GW) of generating capacity would be taken offline, as it suspends or shuts down some of its gas and coal-fired power stations. This represents six percent of RWE’s total capacity.
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It said a boom in solar energy meant many of its power stations were no longer profitable.
Due to the continuing boom in solar energy, many power stations throughout the sector and across Europe are no longer profitable to operate. During the first half of 2013, the conventional power generation division’s operating result fell by almost two-thirds.
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