I have documented in successive posts my take on the shakeout happening in European utilities. The squeeze of higher gas prices, the absolute dependence of the European continent on outside sources of fuel (at least carbon-based), the increasingly dominant position of nuclear power in France and the looming Russian energy bear right outside of Europe's doors all make for a volatile and explosive cocktail.In the coming few months, the European utilities that are going to come out ahead are either already jockeying for position in Russia or investing heavily in alternative, renewable energy sources. In particular, the Spanish and (to some extent) Italian utilities that I discuss below are already capitalizing heavily on the resources that seem plentiful in Southern Europe -- sun and wind.
European Utilities Look Toward Renewable Energy
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