E.ON raises five-year investment target by 27% to €42bn for modern European energy grids.
E.ON, Europe's top operator of energy networks, increased its five-year investment target by 27% to €42 billion ($46 billion) due to the continent's need for modern grids. The German utility company aims to expand its electricity grid to accommodate the integration of thousands of wind turbines and millions of solar panels as the energy system shifts away from fossil fuels. E.ON's shares rose 5.4% to their highest level in nearly six weeks.
March 13, 2024
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