Risk evolves in springtime of energy spin-offs

New risk management challenges as firms split legacy fossil-fuel operations from renewable-focused areas

The pressure on energy companies to invest in renewable generation and reduce carbon emissions has been building for years but, in 2016, it began to change the structure of some of the sector’s largest companies. Germany’s E.on and RWE were the first to separate their fossil fuels and renewables businesses, creating new standalone businesses, and others have subsequently followed with similar moves.

As regulators insist strongly on the importance of clean energy targets, the role of the risk