RWE to rethink UK investments if it proceeds with tax on power firms- FT

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Reuters UK

(Reuters) – German utility RWE AG’s head has warned that a windfall tax on electricity generators in Britain would make it and other power firms reconsider their investment decisions in the country, the Financial Times reported on Sunday. RWE, Germany’s largest power producer, last year had announced a plan to invest as much as 15 billion pounds ($18.39 billion) in green technologies and infrastructure in Britain by 2030. Since then, energy companies have profited from high prices following Russia’s invasion of Ukraine, and British finance minister Rishi Sunak has said that the government was …

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