The chief executive of Germany’s largest power producer says RWE has decided to further reduce its investment in renewable energy.

RWE Innogy will now invest even less than the $686.3m it had most recently proposed, CEO Hans Buenting said at a press conference on Wednesday.
Hans Buenting
The board is set to issue its new investment plans along with a balance sheet presentation in early March, Mr. Buenting added.

RWE (FWB: RWE) is due to report full-year results on March 4th next.

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