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The Energiewende deeply affected not only fossil power plant operators like RWE and the old E.ON, but also companies involved in their construction, such as Siemens and US-rival General Electric, reports Martin Wocher in business daily Handelsblatt. The latest example is Japanese Mitsubishi Hitachi Power Systems Europe (MHPSE), which is shedding more than a third of its 1,000 jobs in Duisburg. Within Germany, the business with fossil-generated power plants has almost ground to a halt, and foreign markets can鈥檛 compensate the loss. The company said in the press release announcing the cuts that through its strategy realignemt it aimed 鈥渢o become a leading European company for CO2 emissions reductions in the field of power production鈥�.

Find the article in German (behind paywall) and MHPSE鈥檚 release .