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Germany's RWE forecasts dividend hike after Innogy break-up

Reuters  |  ESSEN, Germany 

By Christoph Steitz and Tom KäckenhoffESSEN, Germany (Reuters) - German utility RWE expects to raise its dividend by more than expected in 2019 after announcing a plan to become Europe's third-largest renewables player by splitting its Innogy business with rival E.ON.Germany has shifted to solar and wind power after Japan's Fukushima disaster seven years ago triggered a phase-out of nuclear power, turning the coal and nuclear based business model of the country's utilities on its head.The Innogy deal will give RWE control of Innogy's and E.ON's renewable units, turning one of Europe's largest ...

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First Published: Tue, March 13 2018. 15:18 IST