RWE News
RWE was awarded the accolade of Award of Excellence: Upstream Transformation at the 23rd annual S&P Global Platts Global Energy Awards last night. The event often described as the “Oscars” of energy, was held virtually and in-person at the Cipriani Wall Street in downtown Manhattan. energy transition RWE expanding its powerful green generation capacity to 50 gigawatts and investing €50 billion gross by 2030 The award recognizes and acknowledges the targets the company ha...
Roger Miesen, CEO of RWE Generation, said "One of the greatest challenges of the energy transition is to ensure a secure CO2-free electricity supply at all times - even when wind and sun are not sufficiently available. Hydrogen-fuelled, gas-fired power plants will make an important contribution to ensuring this in the future." He adds, "In order to gain experience with the operation of such plants, Kawasaki and RWE are planning a pilot project with a hydrogen-powered turbine in Lingen. With thi...
RWE and Novatek have signed a Memorandum of Understanding to cooperate on the supply of low-carbon and carbon-free fuels. The MoU envisages the supply of low-carbon ammonia and hydrogen by Novatek to RWE. Novatek, the largest independent producer of natural gas in Russia, is conducting a pre-Front End Engineering Design (FEED) study for blue ammonia and hydrogen production in the Yamal region, which will include carbon capture and storage (CCS) facilities. The fuel is to be produced at Novat...
Kerpen municipal utility and RWE Renewables have signed a statement of intent. Part of the agreement is the joint development of two wind farms within the Kerpen municipal area. The wind farms with a total installed capacity of around 50 megawatts (MW) are to be constructed on the Marienfeld field and along the A4 motorway. Both areas are part of the ongoing rezoning process in the town, which was the birthplace of priest and social reformer Adolph Kolping. With this significant step, the two p...
RWE is well on track to become a pioneer in the floating wind and to have one gigawatt either in operation or under construction by 2030. To gain experience early, RWE is participating in multiple high-profile floating demonstration projects like the TetraSpar Demonstrator. Together with its partners Shell, TEPCO Renewables, and Stiesdal Offshore Technologies RWE has safely deployed and commissioned the TetraSpar floating foundation off the Norwegian coast. TetraSpar Demonstrator in oper...
RWE has signed a fifteen-year power purchase agreement (PPA) with EDF, which will purchase the renewable electricity from Sofia Offshore Wind Farm, which is set for full generation in 2026. wind energy In what represents RWE and EDF’s largest renewable energy agreement to date, EDF will offtake all the wind energy that Sofia will produce, expected to be approximately 6.5 terawatt hours (TWh) each year. This equates to almost half of the electricity used in the North East of England...
RWE and the Ulsan Metropolitan City will cooperate on the development of floating offshore wind projects off the South Korean coast with an envisaged capacity of up to 1.5 gigawatts (GW). A corresponding Memorandum of Understanding was signed recently between RWE and Ulsan City, in support of South Korea’s Net Zero 2050 ambition. The country’s goal is to scale up offshore wind capacity up to 12 GW and achieve 30 percent of renewables in the energy production mix by 2030. nuclear po...
“Overall, this is an encouraging outcome. The coalition agreement can give the energy transition a considerable boost. Especially due to the fact that specific measures will be paired with ambitious targets. The transformation of our industrial nation requires decisiveness and pragmatism." He adds, "Therefore, in addition to the energy policy stipulations, I particularly welcome the coalition’s plan to speak in the first half of 2022 to industry and other social stakeholders about...
RWE has officially launched the Community Benefit Fund for its Limondale Solar Farm. Located about 14 km from Balranald, this large-scale solar farm is capable of generating enough electricity to power the equivalent of up to 105,000 homes each year. The fund will provide $40,000 per year to good causes within the Balranald Shire. Recently, Limondale Solar Farm reached full capacity-an important milestone as the project continues to transition to the operations and maintenance phase. “Thi...
In Germany, in Lingen (Lower Saxony) and Werne (North Rhine-Westphalia), RWE is building a battery storage system with a total output of 117 megawatts. The system is scheduled to start operations at the end of 2022. The storage project will provide a range of important system services needed for maintaining grid stability to support fluctuations in the availability of renewable energy. The system technology used for integrating and optimally controlling the charging and discharging of the 420 l...
RWE has successfully issued a further green bond with a total volume of €1.35 billion. The bond was issued in two tranches of €0.75 billion with a seven-year tenor and €0.6 billion with a twelve-year tenor respectively. For the first tranche, the yield-to-maturity amounts to 0.528%, based on a coupon of 0.5% p.a. and an issuance price of 99.808%. For the second tranche, the yield-to-maturity amounts to 1.077 %, based on a coupon of 1.0% p.a. and an issuance price of 99.138%...
Shell New Energies NL BV and RWE Generation SE intend to jointly advance ambitious projects for the production, use and distribution of green hydrogen as well as further options to decarbonize RWE gas and biomass-fired power plants in northwest Europe. A Memorandum of Understanding (MoU) was recently signed by Markus Krebber, CEO of RWE AG, and Wael Sawan, Director of Integrated Gas, Renewables and Energy Solutions at Royal Dutch Shell plc, at the Shell Energy and Chemicals Park Rheinland near...
Katja Wünschel, COO Wind Onshore & Solar PV Europe & APAC of RWE Renewables, stated “Spain is one of our core markets, which offers good wind and especially solar locations. The country is seeing continued expansion of renewables and we are happy to contribute to the energy transition in Spain with our two new ground-mounted solar farms.” Katja Wünschel adds, “Once completed in 2022, these projects will further strengthen our already strong renewables footpr...
RWE Supply & Trading and Outokumpu have put a new type of power generation and storage system into operation that will help to stabilize the power grid and enhance flexibility. It is located at the Outokumpu mill in Krefeld, Germany, and consists of a 3.3 megawatt battery storage unit coupled with three 1 megawatt gas turbines. The system is a joint project designed and built by RWE, and RWE will also operate it remotely. To enable this to happen, Outokumpu has modified its roll stand...
RWE and partners John Cockerill are to jointly build a testing facility in Germany which will optimize a key stage in the process of turning household waste into hydrogen. The facility – called a torrefaction plant – will be built at RWE’s innovation center in Niederaußem (Germany) and will test the production of feedstock pellets made from waste, to be used in the company’s innovative FUREC waste-to-hydrogen initiative. RWE is going to invest €3 million in th...
After 22 years with RWE and innogy and later at E.ON, Bernhard Günther will leave E.ON on December 31, 2020. Over the course of his career, he has performed various key roles covering all areas of finance. Günther began his career in the Group Controlling department before switching to RWE Power, and there and within RWE AG he quickly took on managerial tasks before becoming CFO of RWEST, RWE’s trading business. He was later appointed CFO of RWE AG and then innogy SE in 2016. In...
Can users build cities in the future in which the use of fossil fuels is largely superfluous? How can they achieve the German government's ambitious climate targets? And how can every individual make a contribution? These and other questions are to be answered in individual districts of the cities of Essen and Bedburg in North Rhine-Westphalia and Kaisersesch in Rhineland-Palatinate. innovative technologies The variously structured quarters should complement each other sustainably and economi...
Federal Minister of Economics Peter Altmaier handed over the funding notice to the first "real laboratory of the energy transition". The "SmartQuart" project, which was developed by a consortium of nine partners, can start in January 2020. The project aims to make the use of fossil fuels in the project quarters largely superfluous. In the cities of Essen and Bedburg in North Rhine-Westphalia and Kaisersesch in Rhineland-Palatinate, the individual city districts will be networked with each other...
As part of the transaction to acquire and integrate innogy, E.ON 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 enabled E.ON to quickly become one of the world’s major producers of green power. Onshore wind farms like Roscoe, a 782 megawatt (MW)...
Following the European Commission’s clearance of the takeover of innogy today, E.ON intends to swiftly carry out the integration of innogy into the Group. “The new E.ON’s future begins today. The integration of innogy will create a company fully dedicated to putting customers at the center of everything it does.” “We want to partner with our customers to actively shape the new energy world while becoming more innovative, using energy with ever-greater efficien...
innogy concluded two legally binding agreements – one with E.ON, another with RWE – on the planned integration of innogy into E.ON and the planned integration of innogy’s renewables business into RWE. The agreements call for the planned transaction to be implemented in a transparent process in which all employees will be treated fairly and as equally as possible, regardless of which company they currently work for. In addition, the integrations shall take into account the str...