German utility RWE said it will have € 1.5bn ( $ 12 ) a year to invest in green energy , either through acquisitions or building generating assets , said CEO Peter Martin ##i . The cash surplus supports the complex deal between RWE and EON to acquire and break up Innogy 's assets which , when completed in 2019 , will leave RWE as Germany 's second - biggest wind utility and EON ' ’s largest operator of gas and power networks .
German utility RWE said it will have €1.5bn ($1.75bn) a year to invest in green energy, either through acquisitions or building generating assets, said CEO Rolf Martin Schmitz. The cash surplus follows the complex deal between RWE and EON to acquire and break up Innogy's assets which, when completed in 2019, will leave RWE as Europe's second-biggest wind utility and EON Europe’s largest operator of gas and power networks.