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RWE open to partnerships in US wind market: CFO

RWE open to partnerships in US wind market: CFO

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RWE will become Europe’s third-largest renewable group following a deal to acquire the green energy units of E.ON and Innogy, which is expected to be completed this year

FRANKFURT: German utility RWE would consider teaming up with peers and oil companies to make a move in the U.S. wind market, its chief financial officer Markus Krebber said on Wednesday.

RWE will become Europe’s third-largest renewable group following a deal to acquire the green energy units of E.ON and Innogy, which is expected to be completed this year.

Krebber also said higher carbon emission permit prices and low gas prices in the first quarter moved utilisation of RWE’s European gas-fired power plants up 10 percent.

Correspondingly, the utilisation rates of coal-fired plants dropped by 10 percent as they require more CO2 permits to cover their output.

Source: reuters
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Anand Gupta Editor - EQ Int'l Media Network