Completion of Boiling Springs (148 MW) and East Raymond (200 MW) increases RWE’s generation capacity in North America Offtake for both wind farms secured through Power Purchase Agreements with carmaker Honda and Austin Energy RWE continues to expand its renewables portfolio in North America, one of the company’s strategic core markets, by the commissioning of […]
RWE to deliver solar power produced at Inden opencast mine from summer – EQ Mag Pro
Start of construction for innovative combination of 26,500 modules and battery storage Photovoltaic plant to run from 2022 until completion of Lake Inde In only a few weeks’ time, RWE’s Inden Opencast Mine will no longer produce just lignite, but also solar power. After officially breaking ground, building work has commenced for a utility-scale photovoltaics […]
RWE drives expansion of renewables: Two new wind farms for Germany – EQ Mag Pro
Double success for RWE in onshore wind power infrastructure auction: The German Federal Network Agency has awarded it the Grevenbroich wind farm in North Rhine-Westphalia and the Bartelsdorf 2 project in Lower Saxony. These positive decisions will help RWE to accelerate its expansion of renewables in Germany. This year alone, the company is investing about […]
UPDATE 2-RWE shares near 11-year high after power producer lifts guidance
* Now expects 2022 adj core profit of 3.6 bln-4 bln euros * Adj net profit seen at 1.3 bln to 1.7 bln euros * Shares hit highest level since May 2011 (Recasts, adds share benchmark, analyst) FRANKFURT/DUESSELDORF: Germany’s biggest power producer RWE on Thursday raised its outlook for 2022, citing higher margins in its […]
‘In the end, all hydrogen needs to be green’: CEO of German energy giant RWE – EQ Mag Pro
While there is excitement in some quarters about the potential of so-called green hydrogen, the vast majority of hydrogen generation is currently based on fossil fuels. Speaking to CNBC, RWE CEO Markus Krebber said hydrogen was required “for those parts of the economy which cannot be electrified.” The CEO of German energy company RWE has […]
RWE Combines Hydropower With Mega-Batteries to Balance Grid
To ensure the reliability of its grid network while boosting environmental sustainability, German utility RWE has embarked on a project that includes the integration of massive battery energy storage systems with hydropower. RWE is investing €50 million ($58.7 million) in the development of two large battery energy storage systems in Lingen and Werne. The Lingen […]
Ind-Ra Downgrades Sterling and Wilson Solar to ‘BBB+’, Revises Rating Watch to Evolving
Ind-Ra continues to analyze SWSL and its subsidiaries on a consolidated basis. India Ratings and Research (Ind-Ra) has downgraded Sterling and Wilson Solar Limited’s (SWSL) Long-Term Issuer Rating to ‘IND BBB+’ from ‘IND A’ while revising the Rating Watch to Rating Watch Evolving (RWE) from Rating Watch Negative (RWN). Ind-Ra continues to analyse SWSL and […]
RWE and BASF Plan $4.9 Billion Offshore Wind Power Project
As part of the project, which depends on more favourable legislation, RWE plans to build a 2 gigawatt (GW) offshore wind park by 2030 to help to supply BASF’s Ludwigshafen chemicals complex, Germany’s single biggest electricity consumer. FRANKFURT: Chemicals giant BASF and German utility RWE on Friday announced a potential 4 billion euro ($4.9 billion) […]
RWE Teams Up With Facebook for 150 MW of US Solar
The solar farm is to be located in Shelby County, an area the Tennessee Valley Authority is working to expand renewable generation capacity in through its Green Invest programme. A 150MW solar farm under development in Tennessee, US, is to power Facebook’s data centre in the state. The social media giant is to use 110MW of […]
Pipeline for green hydrogen from North Sea
Project partners GASCADE, Gasunie, RWE and Shell signed a declaration of intent to further intensify their collaboration on the AquaDuctus project. The AquaDuctus pipeline will transport green hydrogen from the North Sea directly to the continent. It is part of the AquaVentus initiative, which plans to install 10 gigawatts of electrolysis capacity for green hydrogen […]