Shares of power producers rose as traders rotated into defensive sectors.
Constraints including the volatility of solar and wind power reserves will likely limit renewable power generation to a roughly 20% to 40% share of the total power supply in most markets over the next decades, according to investment advisory firm SailingStone.
German utility E.ON struck a deal with Norwegian concern Horisont Energi to develop joint European emissions-control operations, including end-to-end carbon capture, transport and storage service. Shares of Horisont surged.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-13-22 1712ET