Germany's biggest energy company, E.ON, is to split into two following a shareholders' vote on Wednesday, as the firm battles to keep up with the government's drive towards renewables, dpa reported. A near-unanimous majority of 99.7 per cent cleared the way for the company to divide into two firms - one for traditional energy sources and another for cleaner power. The spinoff is to be called Uniper and will take ownership of the company's coal and gas stations, allowing E.ON to focus on green energy. Chief executive Johannes Teyssen had proposed the restructuring, arguing that it would make the firm more adaptable to future energy production. He thanked the shareholders for the "impressive amount of support." The German government's so-called Energiewende, best translated as "energy transition," calls for at least 80 per cent of power to come from renewable sources by 2050. E.ON is one of several companies to have recorded billions of dollars in losses as a result of the policy.
