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ReNews.biz: RWE has completed turbine commissioning at the 860MW Triton Knoll offshore wind farm in the UK North Sea. The project is located 33 kilometres off the coast of Lincolnshire and once fully operational it will be one of the world’s largest offshore wind farms, generating sufficient electricity to meet the needs of around 800,000 […]
IEEFA
Energy Storage News: Used lithium-ion batteries taken from carmaker Audi’s electric vehicles (EVs) have been repurposed into a ‘second-life’ stationary energy storage system by energy company RWE at a project in Herdecke, Germany. RWE has deployed the system, which has a capacity of around 4.5MWh, at the site of its pumped hydro energy storage (PHES) […]
IEEFA
Reuters: RWE (RWEG.DE) risks falling behind in the fast growing and competitive renewables sector if it fails to quickly divest its brown coal activities, activist fund ENKRAFT said, criticising management for failing to come up with a rapid solution. ENKRAFT in September disclosed a small stake in RWE, Germany’s largest producer, calling for a separation […]
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PV Tech: Germany’s new three-way coalition government of the SDP, Green and FDP parties have set guidelines for future energy policy in the country which include an expansion of planned renewable capacity and an accelerated phase out of coal power. They have agreed to double Germany’s solar target to 200GW by 2030, increase the country’s […]
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Reuters: Europe’s biggest utility Enel (ENEI.MI) will ramp up spending to 170 billion euros ($191 billion) this decade to fund its green power and networks businesses as it brings forward plans to become carbon-free by 2040. The group will spend 70 billion euros on renewable energy to almost triple capacity it directly owns to 129 […]
Guest Contributor: Nick Holmes
From environmental and business perspectives, PZU still insuring coal is at odds with its share price - and its peers
Poland’s largest insurer, PZU, stands out among European insurers — for the wrong reason. It is conspicuous in still insuring coal when almost all of its European peers are exiting coal. This action goes against all of the objectives of the UN Paris Agreement to phase out fossil fuels by 2050. We know that this […]
IEEFA
S&P Capital IQ ($): Ramping up its renewables ambitions, German utility RWE AG is upping spending and capacity targets by 2030, it said during its Nov. 15 capital markets day. With exits from coal and nuclear power generation moving into view, the business will spend €50 billion over the course of this decade to grow […]
IEEFA
Reuters: RWE (RWEG.DE), Germany’s largest power producer, said on Tuesday it expects its investment in green technologies and infrastructure in Britain to reach 15 billion pounds ($21 billion) by 2030. That includes the already announced 5 billion pounds RWE is spending with partners on two offshore wind parks – Triton Knoll and Sofia – and […]
IEEFA
Reuters: Activist fund ENKRAFT has taken a stake in RWE (RWEG.DE) and is calling for a separation of the company’s brown coal activities to remove the burden of a legacy business that has weighed on the value of shares in Germany’s largest power producer. ENKRAFT, which has a track record in investing in the renewable […]
Arjun Flora and Guest Contributor: Sarah Brown
New research undermines compensation claims for coal phaseout
Coal assets held by RWE and Uniper in the Netherlands are already economically unviable and have largely been written-down, according to a new analysis by IEEFA and Ember (an independent energy and climate think tank), in collaboration with Dutch knowledge centre SOMO. Market forces, not Dutch legislation, are causing the demise of these coal-fired power […]
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 policyOct 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 […]