EON’s New Strategy of Renewal Energy Can Still Succeed Despite Brexit

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EON’s New Strategy of Renewal Energy Can Still Succeed Despite Brexit

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EON’s New Strategy of Renewal Energy Can Still Succeed Despite Brexit. Discuss.

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The vote to leave the European Union by Britain, commonly known as Brexit, in 2016, was troublesome; however, the official withdrawal from the trading bloc after December 31, 2020, was more problematic for multinational companies that had operated in the country. One of the companies that would be affected by the decision was E. ON SE, a German-based energy company. The company had had a productive working environment in the U.K.; for example, it has been a merger with Powergen, a UK-based gas firm, since 2002. It was touted that E.ON S.E. ambitious strategy of renewable energy innovation would be hampered. The company had embarked on an aggressive plan to offer renewable energy solutions to its customers in the European Union region.

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