![\"\"](\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/wind.png\" "\\"Wind\\"")
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UPDATE:<\/span><\/strong> German power and gas utility E.On has no plans to sell its U.S. renewable energy business, E.On Climate & Renewables, which is headquartered in Chicago.<\/p>\n The market is too attractive to walk away from, says a company spokesman in an email to GER. He points out that E.On Climate & Renewables and E.On’s Midwest power business are two separate entities.<\/p>\n Below are highlights of the email we received from E.On:<\/p>\n There are definitively no plans to divest the [U.S.] wind business. Quite the contrary, we are currently very bullish about the future of wind and solar in the U.S. given\u00a0 President Obama’s new energy policy…<\/p>\n<\/blockquote>\n The E.On spokesman declined to comment on the reported sale of the U.S. regulated business.<\/p>\n ————————————–<\/p>\n GER understands that E.On’s U.S. wind portfolio is not for sale. It is a separate business that operates as part of the company’s Chicago-based E.ON Climate & Renewables business and is not part of the company’s Midwest power utility business. We’ve called E.On and will post when we get an update. <\/span><\/p>\n German utility E.On\u00a0has hired Goldman Sachs to advise it on the sell of its U.S. power utility business. SparkSpread, a subscription-based industry news site<\/a>, first reported the news.<\/p>\n E.On acquired its Midwest utilities as part of its 2002, $14.30 billion (\u20ac10.4 billion \/\u00a39.5 billion) acquisition of Powergen, UK power company, which owned these U.S. utilities.<\/p>\n According to the company Website E.ON Climate & Renewables is developing\u00a0a 79.5 megawatts wind project in the towns of Hartsville and Hornellsville, NY.<\/p>\n![\"\"](\"http:\/\/greenenergyreporter.com\/wp-content\/uploads\/2010\/01\/wind.jpg\" "\\"wind\\"")
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