E.ON plan to invest EUR1.5 billion/year in Renewables
German utility E.ON AG plans to invest around EUR1.5 billion a year in renewable energies over the long-term, said Cord Landsmann, chief executive of E.ON's renewable energy unit, Climate & Renewables, Monday.
Exxon Mobil Corp will invest $600 million over the next five to six years on trying to developing biofuel from algae, even though the oil major has said renewables will be only a small part of global energy supply.