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IEEFA Germany: Halving RWE’s lignite output could spur low-carbon shift, avoid $100 million expense of saving aging plants

IEEFA Germany: Halving RWE’s lignite output could spur low-carbon shift, avoid $100 million expense of saving aging plants

Move would cut CO2 emissions in line with government energy policy

Oct 23, 2018, LONDON (IEEFA) – In a report released today, the Institute for Energy Economics and Financial Analysis finds that German utility RWE would benefit in the medium to long term by moving now to sharply reduce its lignite mining activities and begin closing its oldest lignite-fuelled generation stations. The report, “Lignite Retreat: RWE’s […]

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Equinor, RWE join Dutch green hydrogen development effort

Reuters: German utility RWE and Norwegian oil and gas firm Equinor have joined an initial phase of a Dutch project to produce “green” hydrogen by using offshore wind power. The NorthH2 project, launched in February by Dutch Gasunie, Groningen Seaports and Shell, will use electricity to produce hydrogen from water avoiding carbon dioxide (CO2) emissions […]

December 7, 2020 Read More →

First German coal closure auction oversubscribed as utilities look to exit uneconomic sector

S&P Global Market Intelligence ($): RWE AG was the major winner in Germany’s first tender for shutting down hard coal-fired power plants, taking two-thirds of the compensation handed out by the government, as strong competition elsewhere drove average prices down to well below the maximum available. RWE and Vattenfall AB both secured contracts for closing […]

December 1, 2020 Read More →

RWE unit starts work on its largest U.S solar-plus-storage project, in Georgia

Energy Storage News: Work has begun on a 195.5MW solar farm in Georgia, US, co-located with 40MW/80MWh of battery storage for RWE Renewables, subsidiary of Germany-headquartered multinational energy company RWE Group. RWE Renewables and utility company Georgia Power signed a 30-year power purchase agreement (PPA) deal for the utility to off-take energy generated by the […]

November 19, 2020 Read More →

Renewable energy brightens outlook for RWE, EDF

Greentech Media: Two of Europe’s major utilities have demonstrated the signs of a post-coronavirus lockdown recovery, highlighted by growing renewables capacities. EDF and RWE both reported their Q3 results at the end of last week. While COVID-19 lockdowns have trimmed demand for electricity over the period, sustained renewables deployment and the associated revenue were bright […]

November 17, 2020 Read More →

Germany’s RWE to study using existing underground gas storage sites for long-duration battery applications

Renew Economy: A subsidiary of German electric utility RWE is to investigate the possibility of utilising vast salt caverns currently used for gas storage as potential large-scale organic flow batteries for electricity generated from renewable energy sources. RWE Gas Storage West, an RWE subsidiary and natural gas supplier, announced on Wednesday a collaboration with German […]

October 2, 2020 Read More →

RWE expansions at existing U.K. offshore wind projects could add 3.1GW of capacity

Reuters: Germany utility RWE said on Monday it has secured lease agreements to develop four offshore wind farm extension projects in Britain. RWE Renewables and its project partners signed the agreements with Britain’s Crown Estate to extend existing offshore wind farms Gwynt y Môr, off the Welsh coast, Galloper and Greater Gabbard in the North […]

September 29, 2020 Read More →

Germany’s RWE raises $2.4 billion in new capital to fund renewable energy expansion efforts

Reuters: German utility RWE on Tuesday completed a 2 billion euro ($2.4 billion) share issue to back its expansion into renewable energy, including its $480 million purchase of wind turbine maker Nordex’s project development pipeline. The move increases RWE’s share capital by 10% and was successfully placed with institutional investors via an accelerated bookbuilding process, […]

August 19, 2020 Read More →

RWE targeting renewables, hydrogen for future growth opportunities

S&P Global Market Intelligence ($): It still owns one of Europe’s largest coal power fleets and ranks among the continent’s biggest carbon emitters, but on RWE AG’s half-year earnings call, the focus was squarely on renewable energy. Through its green power unit, RWE Renewables GmbH, the company is chasing more capacity development and portfolio acquisitions […]

August 14, 2020 Read More →

RWE, Mitsubishi to develop floating wind project off the Maine coast

Greentech Media: After years of development, the University of Maine has landed two major energy investors for its floating offshore wind demonstration project, announcing that units of Japan’s Mitsubishi Corp. and German utility RWE will buy and build the project — a potential door-opener for the U.S. floating wind market. RWE Renewables and Mitsubishi-owned Diamond […]

August 6, 2020 Read More →

Germany’s RWE, E.ON complete asset swap, RWE Renewables now a leading global green energy firm

ReNews.biz: The major asset swap between RWE and Eon has completed, with RWE Renewables now taking on Innogy’s operations to make the new company one of the largest renewables players. The closing of the deal means Innogy’s stake in the Austrian power utility Kelag has also transferred, bringing its hydroelectric business to RWE’s portfolio. RWE […]

July 1, 2020 Read More →