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German utility RWE posted its first net loss in more than 60 years for 2013, due to massive impairment losses at its fossil generation business that can’t compete with renewable power entering the grid with priority.

Fossils propel RWE to historic loss

German utility RWE posted its first net loss in more than 60 years for 2013, due to massive impairment losses at its fossil generation business that can’t compete with renewable power entering the grid with priority.

German utility RWE posted its first net loss in more than 60 years for 2013, due to massive impairment losses at its fossil generation business that can’t compete with renewable power entering the grid with priority.