By Andreas KrÃ¶ner, Chicago Tribune:
Felix Goedhart knows how to turn a company green.
Six years ago Capital Stage was a small investment holding company. Today it is a renewable energy utility producing nearly 200 megawatts (MW) of solar and wind power that posted operating earnings of 25 million euros in 2011.
“When the financial crisis broke out we decided to change our business model and generate steady returns,” says Goedhart, Capital’s chief executive. “This is why we became an operator of power plants.”
Germany’s energy industry needs to achieve a similar transformation on a massive scale to meet a looming capacity gap prompted by the government’s decision to exit nuclear power… Read more