Following an asset swap with E.ON, RWE last year became Europe’s third-largest renewables player after Spain’s Iberdrola and Italy’s Enel, and the world’s No.2 offshore wind player after Denmark’s Orsted FRANKFURT: RWE, Germany’s largest power producer, could become a takeover target as big industry players strive to expand their renewable portfolios around the world, Goldman […]
RWE hedges power prices up to 2022, CO2 costs into the mid-2020s
The company also covered much of its carbon emissions rights requirements through accompanying financial hedges to protect itself against generation margin risks FRANKFURT: German utility RWE, one of Europe’s biggest power generators, has sold much of its power output over the next few years, it said on Thursday. * The company also covered much of […]
E.ON transfers renewables business to RWE
Another step in the transaction to acquire and integrate innogy E.ON will continue to offer customers individually tailored renewables solutions As part of the transaction to acquire and integrate innogy, E.ON today transferred its renewables business to RWE. For E.ON, the disposal of E.ON Climate & Renewables marks the end of an extraordinary success story. […]
UPDATE 1-RWE touts 18 gigawatt renewable project pipeline in green shift
* Group can spend 3 bln eur a year with partners * More than 10 GW renewable pipeline in United States * RWE now Europe’s No.3 renewable player (Adds details on markets, context) ESSEN, Germany: German utility RWE has a renewable project pipeline of more than 18 gigawatts (GW), mostly in the United States, it […]
RWE open to partnerships in US wind market: CFO
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 […]
RWE cancels plans for new coal plants, including Niederaussem
The company is planning a major reorganisation later this year under which RWE will take over 10,000 MW of renewable power assets from subsidiary Innogy and rival E.ON , making it the world’s number five renewables company FRANKFURT: German utility RWEis to cancel future investment in coal-fired power plants, including a large brown coal power plant […]