RWE joins new European Clean Hydrogen Alliance

RWE supports the newly launched European Clean Hydrogen Alliance (ECH2A). The organisation has ambitious aims on the deployment of hydrogen technologies by 2030; bringing together renewable and low-carbon hydrogen production, demand in industry, mobility and other sectors, as well as hydrogen transmission and distribution. These objectives fit perfectly with RWE’s view of hydrogen as one Read more about RWE joins new European Clean Hydrogen Alliance[…]

RWE delivers power from its Canadian solar farm to Direct Energy

RWE has signed a Power Purchase Agreement (PPA) with Direct Energy Marketing Limited for the supply of power from RWE’s Canadian Hull solar plant (25 megawatt, MW). The photovoltaic plant, located in Southern Alberta, started commercial operation recently and will now provide an important part of the electricity that Direct Energy needs to supply its Read more about RWE delivers power from its Canadian solar farm to Direct Energy[…]

RWE to strengthen its European renewables business with acquisition of 2.7 GW project pipeline

Nordex has selected RWE as exclusive bidder for the acquisition of its European onshore wind and solar development business / Purchase price of about €400 million Strategic enhancement adds to RWE’s existing 22 GW development pipeline Expansion of position in attractive French onshore wind market Markus Krebber, CFO of RWE AG: ”The planned acquisition of Read more about RWE to strengthen its European renewables business with acquisition of 2.7 GW project pipeline[…]

RWE chooses state-of-the-art electrical transmission system for its 1.4 GW Sofia Offshore Wind Farm

World’s number 2 in offshore wind further strengthens its renewables business in the UK GE Renewable Energy’s Grid Solutions and Sembcorp Marine chosen as preferred suppliers for the project’s high voltage direct current transmission system Offshore construction works expected to start in 2023 / More than 50% of the system components will be manufactured in Read more about RWE chooses state-of-the-art electrical transmission system for its 1.4 GW Sofia Offshore Wind Farm[…]

Coal phase-out regulated by law after two years

. • Regulations provide clarity for the company and its employees • Decommissioning of the first lignite-fired power plant unit already this year • Prompt signing of the public law contract and regulations for adjustment allowance ‘Anpassungsgeld’ necessary Rolf Martin Schmitz, CEO of RWE AG: ”The law passed today is an important step towards implementing Read more about Coal phase-out regulated by law after two years[…]

RWE closes deal with E.ON

innogy’s renewables and gas storage businesses as well as stake in KELAG integrated into new RWE – 2,700 employees switch to RWE Group  New RWE enlarges global footprint – sites on 4 continents and in 40 countries Rolf Martin Schmitz, CEO of RWE AG: "This is the day we have been working towards for two Read more about RWE closes deal with E.ON[…]

RWE Annual General Meeting approves dividend of €0.80 per share

Dividend to be paid on 1 July Management Board and Supervisory Board discharged by a large majority At today’s Annual General Meeting of RWE Aktiengesellschaft, which was held in a purely virtual setting for the first time, shareholders voted by a large majority in favour of the dividend proposal submitted by the Executive and Supervisory Read more about RWE Annual General Meeting approves dividend of €0.80 per share[…]

RWE gets off to good start to the year and confirms earnings forecast for 2020

. • Strong growth in adjusted EBITDA, adjusted EBIT and adjusted net income • Comfortable liquidity position, equity ratio of about 25%, stable rating • €5 billion net investment to expand wind and solar energy portfolio by over 4 GW by 2022 Markus Krebber, CFO of RWE AG: "RWE got off to a good start Read more about RWE gets off to good start to the year and confirms earnings forecast for 2020[…]