RWE is making good progress in expanding its solar business. Having recently completed the construction of solar farms in the US, Canada and Spain, the company has now started the construction of its first ground mounted solar project in the Netherlands. The solar farm Kerkrade in the Province of Limburg is set to have a … Continue reading RWE expands its renewables business in the Netherlands
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“Coal exit” collective agreement finalised
After intensive negotiations and under great time pressure, RWE has reached an agreement with the United Services Union (ver.di) and the Mining, Chemical and Energy Industrial Union (IG BCE) on the “coal exit” collective bargaining agreement. This creates the conditions for the company to be able to end coal-fired power generation in a socially acceptable … Continue reading “Coal exit” collective agreement finalised
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RWE completes installation of foundations and export cables at Triton Knoll offshore wind farm
RWE has taken a major step towards first power generation in 2021 at Triton Knoll by completing the installation of the 90 foundations for the wind turbines and two 50-kilometer-long export cables connecting the offshore and onshore electrical systems. The successful installation was achieved during one of the project’s most challenging times due to the … Continue reading RWE completes installation of foundations and export cables at Triton Knoll offshore wind farm
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RWE to commercialize electricity from Dutch wind power plant Waddenwind
54 megawatt long-term wind power purchase agreement (PPA). First electricity delivered by the wind turbines in 2021, and complete commissioning of the wind farm in January 2022. RWE Supply & Trading will buy the complete production of Dutch onshore wind power developed by Waddenwind, a group of local farmers in the province of Groningen. RWE … Continue reading RWE to commercialize electricity from Dutch wind power plant Waddenwind
Continue readingRWE announces capital increase to accelerate and expand renewables growth
RWE has successfully concluded an increase of its share capital of around €2 billion by selling new shares at a price of €32.55 per share following an accelerated bookbuilt offering to institutional investors. The company’s share capital was increased by 10% by using part of the authorised capital by issuing about 61.5 million new ordinary … Continue reading RWE announces capital increase to accelerate and expand renewables growth
Continue readingNew RWE achieved strong results for H1 2020
RWE is rigorously pursuing its growth and investment strategy. By year-end, the company will commission new wind and solar farms with a total capacity of 1.3 gigawatts (GW), even though the commissioning of some assets will be deferred to next year due to the coronavirus, especially in the USA. In terms of business performance, RWE … Continue reading New RWE achieved strong results for H1 2020
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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 … Continue reading RWE joins new European Clean Hydrogen Alliance
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RWE delivers solar 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 … Continue reading RWE delivers solar power from its Canadian solar farm to Direct Energy
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RWE and Bosch sign long-term solar power purchase agreement
RWE Supply & Trading will provide Bosch with solar power. The total volume amounts to 50 megawatts. The company will source the power from several new farms in southern Germany developed by RWE and other providers. These solar farms can be built thanks to the power purchase agreements and thus do not rely on subsidies under … Continue reading RWE and Bosch sign long-term solar power purchase agreement
Continue readingNordex announces potential sale of its 2.7 GW European PV and wind energy project to RWE
The 2.7 GW portfolio includes projects in France, Spain, Sweden and Poland. Strong boost to Nordex’s capital structure. Cash consideration of EUR 402.5 million before deduction of any customary fees, taxes and any other adjustments. Further reinforcing the growth prospects, underpinned by a strong order book. Nordex leverages the current market environment with strong investor … Continue reading Nordex announces potential sale of its 2.7 GW European PV and wind energy project to RWE
Continue readingRWE to strengthen its European solar and wind energy 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 energy market. RWE wants to acquire the European onshore wind and … Continue reading RWE to strengthen its European solar and wind energy business with acquisition of 2.7 GW project pipeline
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Nordex announces potential sale of its European wind energy and photovoltaic development pipeline to RWE
Nordex has entered into exclusive discussions in relation to parts of its wind power and photovoltaic development pipeline with RWE. The sale price at closing would be EUR 402.5 million in cash before deduction of any customary fees, taxes and any other adjustments. The project development pipeline in the context of the transaction comprises approximately … Continue reading Nordex announces potential sale of its European wind energy and photovoltaic development pipeline to RWE
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Wind energy fund benefits locals’ lives during pandemic
RWE is committed to investing in the communities around its renewables projects. In 2019, an annual community fund of £133,250 (index linked) was set up for the operational lifetime of Bad á Cheò Onshore Wind Farm, expected to be around 25 years. Funding is distributed to the local community following three local decision making panels, … Continue reading Wind energy fund benefits locals’ lives during pandemic
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RWE selects a state-of-the-art power transmission system for its 1.4 GW Sofia offshore wind power plant
World’s number 2 in offshore wind power 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 local … Continue reading RWE selects a state-of-the-art power transmission system for its 1.4 GW Sofia offshore wind power plant
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GE Consortium to Build State-of-the-Art HVDC System for RWE Sofia Offshore Wind Farm
The world’s number two offshore wind power further strengthens its UK renewable energy business with a 1.4GW milestone in Sofia.GE Renewable Energy and Sembcorp Marine network solutions chosen as preferred providers of high voltage direct current transmission system. More than 50% of the components will be manufactured at local facilities, with ample opportunity for the … Continue reading GE Consortium to Build State-of-the-Art HVDC System for RWE Sofia Offshore Wind Farm
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Top 15 wind power asset owners account for over one-third of global wind energy capacity
In the early days of the modern wind power industry, project development from the mid-1970s to the early 1990s was largely driven by citizen investors, first in Denmark and later in the Netherlands and Germany. Today, after nearly four decades of wind project development, wind power now plays a central role in energy portfolio planning … Continue reading Top 15 wind power asset owners account for over one-third of global wind energy capacity
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Infrastructure and Energy Alternatives Announces Two Wind energy Projects in Texas
Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced a pair of substantial wind energy project awards in Texas. Together, the awards are valued at more than $115 million. One award is for construction of the Raymond Wind Farm … Continue reading Infrastructure and Energy Alternatives Announces Two Wind energy Projects in Texas
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E.ON transfers renewables business to RWE
As part of the transaction to acquire and integrate innogy, E.ON today transferred its renewables business to RWE. For E.ON, the disposal of E.ON Climate & Renewables marks the end of an extraordinary success story. Industrial-scale renewables facilities had been a key focus of E.ON’s growth strategy since 2007. Investments of more than €12 billion … Continue reading E.ON transfers renewables business to RWE
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Rovco wins three-year Gwynt y Môr wind farm contract
UK subsea company Rovco has been awarded a three-year contract to support one of the world’s largest offshore windfarms, Gwynt y Môr, which lies eight miles off the coast of North Wales in the UK. Rovco will be providing its ground breaking underwater ROV 3D visual survey solution, alongside traditional video, blueview sonar and cathodic … Continue reading Rovco wins three-year Gwynt y Môr wind farm contract
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New RWE subsidiary to be named innogy
It’s curtains up for innogy – colourful, cheerful and innovative. This is the new brand of the RWE subsidiary, which pools the German and international Renewables, Grid & Infrastructure and Retail business. CEO Peter Terium: “The energy market of the future is green, decentralised and digital – that’s what our new brand stands for. innogy … Continue reading New RWE subsidiary to be named innogy
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