European
utilities
are
struggling
to
transform
their
businesses
to
align
with
the
EU’s
renewables
and
carbon-reduction
targets,
and
their
challenges
are
often
complicated
further
by
country-specific
issues,
such
as
Germany’s
decision
to
phase
out
all
nuclear
power
over
the
next
decade.
A
raft
of
big
players
have
seen
their
credit
ratings
downgraded
in
recent
months,
with
Germany’s
E.ON
being
lowered
one
notch
by
Standard
&
Poor’s
to
‘A-’,
while
RWE
and
Dong
have
both
been
lowered
further
still
to
‘BBB+’.
Ironically,
even
though
such
utilities
are
among
the
largest
renewables
investors
in
Europe,…
