German Utility Giant Eyes Massive $46 Billion Investment ...Middle East

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German Utility Giant Eyes Massive $46 Billion Investment
source : OILPRICE ( Middle East ) () 124
Europe’s giant utility operator, German E.ON, said on Wednesday it was targeting a massive $46 billion in investment in five years for a grid overhaul and expansion to accommodate renewable energy projects as the company’s profit guidance soars.  Shares in E.ON popped to an almost six-week high on Wednesday following the company’s bullish forecast and its plans to raise its five-year investment target by 27% to modernize Europe’s grid.  Shares were trading up 6.53% at 12:46 p.m. ET on Wednesday, and are up 3.41%…

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