We have 1.5 billion euros a year available for green energy then,” Rheinische Post on Saturday quoted Rolf Martin Schmitz as saying. German utility RWE said it will have € 1.75bn ($ 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 EON 's assets which, when completed in June 23 , will leave RWE as Europe 's second -biggest wind utility and Europe ’s largest operator of gas and power networks.
German utility RWE said it will have € 1.75bn ($ 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 EON 's assets which, when completed in June 23 , will leave RWE as Europe 's second -biggest wind utility and Europe ’s largest operator of gas and power networks.