Innogy has announced plans to grow its presence in solar photovoltaic markets as part of an up to €1.2bn investment in several sectors by 2019.
The company said its Belectric solar holding already gives it a strong presence and the company will look to grow further in Europe, North America and “selected emerging countries”.
The aim is to hold a top three position in “all relevant markets” by 2025. Other growth areas highlighted by Innogy include emobility and glass fibre networks.
Innogy added that beyond the three areas it will strengthen its portfolio through acquisitions and divestments.
Innogy chief executive Peter Terium (pictured) said: “In the long run, having a positive figure on the bottom line is no longer sufficient for a business segment.
“If we want to be viable in the future as a company, we need to be among the best.”
Image: RWE
