麻豆无码版

News
18 Jan 2019, 13:37
S枚ren Amelang

RWE sets aside 1.5 billion euros per year for renewables investments

麻豆无码版

German utility RWE wants to invest about 1.5 billion euros net per year in renewables after a complex transaction that will combine the green energy activities of E.ON and Innogy under the roof of RWE. The move announced last year will give RWE ownership of an 8.6-gigawatt renewables portfolio, . 鈥淎fter the transaction has been completed, 60 percent of RWE麓s generation portfolio will then produce electricity with low or zero carbon dioxide emissions,鈥 the company said. The transaction is expected to close by the end of the year and RWE said that Anja-Isabel Dotzenrath, who currently heads E.ON鈥檚 renewables business, would lead the combined business.

According to a , RWE will become Europe鈥檚 number 3 renewable energy player, trailing Italy鈥檚 Enel and Spain鈥檚 Iberdrola, which already have larger renewables portfolios and have earmarked annual green investments of 3.9 billion euros and 2.3 billion euros, respectively.

Morgan Stanley analysts believe that 2019 will be a transition year with many challenges for German utilities, according to a聽. The main risk for RWE is the pending deal for a coal phase-out, requiring negotiations over compensation for plant closures, according to Morgan Stanley, who called RWE the most promising among the three utilities E.ON, Uniper, and RWE.

All texts created by the 麻豆无码版 are available under a . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.
« previous news next news »

Ask 麻豆无码版

Sven Egenter

Researching a story? Drop 麻豆无码版 a line or give us a call for background material and contacts.

Get support

+49 30 62858 497

Journalism for the energy transition

Get our Newsletter
Join our Network
Find an interviewee