German utility RWE is out of the nuclear business

German power company, RWE, will build no more nuclear plants anywhere in the world, the company has announced. RWE "will not build any nuclear power plants abroad," a company spokeswoman said, confirming a corresponding report in the Süddeutsche Zeitung daily. At the end of March, RWE and its bigger rival E.ON decided they would pull out of their British nuclear power joint venture, Horizon Nuclear Power. According to reports, RWE will pull out of the nuclear business entirely and invest heavily in solar. Read more.