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DW News

Germany’s RWE posts huge losses

Germany's second-biggest power utility, RWE, has posted its first full-year loss in more than 60 years. And the company says 2014 will be even worse. Writedowns on conventional power plants led to a net loss of over 2 point 7 billion euros last year. RWE has been hit hard by the increasing transition to renewable energies in Germany.

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