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German energy company RWE plans to add between 2GW and 3GW of capacity annually to its renewable energy portfolio in three core markets: Europe, North America, and the Asia-Pacific. The portfolio will be managed by RWE Renewables and the technologies in focus will be onshore and offshore wind, as well as photovoltaics and storage. The capacity […]
German energy company RWE has secured a EUR 5 billion credit agreement in preparation for the integration of the renewables activities of E.ON and innogy. The line of credit, provided by 27 international banks, was significantly oversubscribed, RWE said. Under the agreement reached in March 2018, E.ON is to take over RWE’s 76.79% stake in innogy, whereas RWE is […]
Essen-based energy company E.ON reported EUR 211 million adjusted EBIT for its Renewables segment in the first quarter of 2019, a 23% increase compared to EUR 171 million adjusted EBIT recorded in the first quarter of 2018. The increase resulted primarily from an increase in output due to the commissioning of offshore wind farms in Germany and […]
The European Commission has approved under the EU Merger Regulation the acquisition by RWE of E.ON's renewable and nuclear electricity generation assets. Under the agreement reached in March 2018, E.ON is to take over RWE’s 76.79% stake in innogy, whereas RWE is to obtain among other things all of E.ON’s major renewable energy activities and innogy’s renewable energy […]
RWE has filed the acquisition of renewables businesses of E.ON and innogy with the European Commission. The filing is the first step of a merger control procedure which is necessary due to the substantial asset swap between RWE and E.ON, the German utility said. The filing occurs following a pre-investigation by the European Commission […]
RWE, the renewables businesses of E.ON and innogy, is planning to set aside approximately EUR 1.5 billion net in annual funds for investment mainly in the offshore wind, onshore wind and solar PV sectors. According to RWE, the renewables business will focus on the Americas, key markets in Europe and new markets in the Asia-Pacific region. The […]
The transfer of the renewable energy business from E.ON and innogy to RWE is expected to be completed by the end of 2019, E.ON and RWE said in a statement.
E.ON SE has reached an agreement in principle with RWE AG to acquire RWE’s 76.8% stake in innogy SE via a far-reaching exchange of assets and participations.
The new RWE AG's subsidiary for renewables, grids and retail is scheduled to start operating today under a temporary name of RWE International SE, and is expected to generate annual revenues of around EUR 40 billion, the German power company said in a statement. The initial public offering of the new company's shares is expected to take place by […]
The Supervisory Board of the German power utility RWE AG has appointed a management team for its new subsidiary which will pool the renewables, grids and retail activities in Germany and abroad. The management team consists of six members, and will be headed by Peter Terium, RWE's current CEO, who will hold both positions with effect […]
RWE's Renewables Division more than doubled its earnings in 2015 compared to a year earlier, but EUR 3 billion in write-downs and impairments have resulted in the German utility posting EUR 200 million net loss for the year. Based on unaudited pro-forma figures, RWE posted an operating result of EUR 3.8 billion, as well as EUR 1.1 […]
RWE plans to triple annual investments in renewable energy, mainly wind and solar, the German utility's Chief Executive Officer Peter Terium said in an interview with Reuters. The plan could see the company investing up to EUR 1 billion in renewables annually, Terium said. Portions of new investments will be set aside for offshore wind, […]
German utility RWE will transfer its renewables, grids and retail operations at home and abroad to a new subsidiary and list it on the stock market probably in late 2016. RWE intends to offer some 10 percent of the new company's share capital to the public in connection with a capital increase, with an option of […]
Just in time for Global Wind Day, RWE Innogy is launching a new web application with live production data. The new application enables everyone to access the current production of RWE Innogy’s renewable energy plants at any time. The new mobile-compatible web app allows the company to provide transparent, minute-by-minute data for the last 24 […]
German utility, RWE, has slashed its renewables investment plans to EUR 1 billion from 2015 to 2017, having invested the same amount between 2008 and 2014. This move comes after the company's debt reached EUR 31 billion due to crisis in the power sector. Hans Buenting, chief executive of RWE Innogy, said: "These are the […]
After terminating the Atlantic Array offshore wind project, RWE is most likely to cut down more of its investments in renewable projects in the UK, writes Guardian Sustainable Business. The company’s share price is going down and RWE is also dealing with rather large debts. Beside these issues, offshore wind policy uncertainty in the UK […]
INTPOW partners and friends are cordially invited to take part in a business delegation organised by the Taipei Representative Office in Norway to Taiwan between the 26th of October and the 1st of November. Both solar, wind and thermal energy recovery companies will be able to explore business opportunities in Taiwan and capitalise on Taiwan’s […]
RWE npower renewables have given an update on the proposed Atlantic Array Wind Farm located in the Bristol Channel. The company today announced the 2013 project refinements. Through the consultation and assessment undertaken, RWE npower renewables has been working to develop the most appropriate offshore wind farm for the Bristol Channel. The latest revisions to […]
Plans for the electrical infrastructure which will transport electricity from the Triton Knoll Offshore Wind Farm to the national grid will be on display this week. Six days of public exhibitions on plans for RWE npower renewables’ Triton Knoll Offshore Wind Farm – which will be located approximately 20 miles off the Lincolnshire coast, will […]
“It can be so easy to make big things happen. When you’re a giant.” This is the message sent by RWE in its animated commercial on renewables. RWE has found a clever way to promote renewable energy, i.e.,via an animated renewable energy giant, being one itself. The video wittily shows the giant using nature’s resources […]
RWE NPower Renewables has changed their plans for connecting a 1,2 GW wind farm to the grid. They initially planned to bring power to the grid trough a 50 mile network of pylons across East Lindsey. The National Grid gave the company an offer to connect the wind farm to the existing electricity transmission network […]
SSE (Scottish and Southern Energy plc) and RWE npower renewables have today secured rights from The Crown Estate to develop a new wind farm... [mappress] Source: thisismoney, May 11, 2010;
Kvaerner has signed a contract with Equinor to study how floating concrete substructures for offshore wind turbines to the planned Hywind Tampen project in the North Sea can be designed and constructed. The objectives of the front-end engineering and design (FEED) assignment are to further mature the design of the concrete substructures, to identify appropriate […]
Norway's Equinor and the Norwegian Ministry of Petroleum and Energy met with Nippon Foundation in Tokyo to discuss offshore wind collaboration, GCE NODE said.
E.ON saw an EUR 31 million increase in sales at its Renewables segment in the first half of 2018, mostly influenced by higher output due to the commissioning of new offshore and onshore wind farms.
Innogy has concluded two legally binding agreements – one with E.ON, another with RWE – on the planned integration of innogy into E.ON and the planned integration of innogy’s renewables business into RWE. As reported earlier, E.ON and RWE reached an agreement under which E.ON would acquire RWE's 76.8% stake in innogy in return for granting […]