Tag Archives: RWE

Major Funding Secured for RWE’s Hydrogen Projects in Germany

(IN BRIEF) The German government and state governments of Lower Saxony, North Rhine-Westphalia, and Mecklenburg-Western Pomerania have allocated over 619 million euros to fund two hydrogen projects led by RWE. These include a 300-MW electrolyser in Lingen and a hydrogen … Read the full press release

EIB Funds €1.2 Billion for Denmark’s Largest Wind Farm to Power Over a Million Homes

(IN BRIEF) The European Investment Bank (EIB) is providing a €1.2 billion loan to support the construction of the Thor wind farm in the Danish North Sea, developed by RWE. The 1.1 GW wind farm, consisting of 72 turbines, will … Read the full press release

RWE and Smålandshamnar AB Join Forces to Boost Offshore Wind Logistics in Baltic Sea

(IN BRIEF) RWE, a prominent offshore wind leader, and Smålandshamnar AB, operator of the Port of Oskarshamn, have inked a Memorandum of Understanding (MoU) to collaborate on logistics operations for future offshore wind farms in the Baltic Sea. This partnership … Read the full press release

RWE Ventures into Australian Battery Storage: Limondale BESS to Pave the Way for Renewable Energy Transition

(IN BRIEF) RWE, a leading player in global renewables, has announced its investment decision to construct Australia’s inaugural eight-hour lithium-ion Battery Energy Storage System (BESS) adjacent to its Limondale Solar Farm in New South Wales. With a capacity of over … Read the full press release

RWE Initiates Nordseecluster: Pioneering Offshore Wind Project to Catalyze Green Energy Transition

(IN BRIEF) In a significant move towards bolstering Germany’s energy transition and contributing to global decarbonization efforts, RWE has announced the commencement of its Nordseecluster project. This groundbreaking initiative entails the construction of offshore wind farms with a cumulative capacity … Read the full press release

RWE Gas Storage West Initiates Market Survey for Future Hydrogen Storage Demand

(IN BRIEF) RWE Gas Storage West has launched an initial market survey to gauge future demand for hydrogen storage until June 2024, targeting hydrogen producers, users, industrial companies, and traders. Recognizing hydrogen’s pivotal role in the energy transition, the company … Read the full press release

RWE Embarks on Wind Farm Construction in Inden, Driving Renewable Energy Growth in Rhenish Lignite Area

(IN BRIEF) RWE, a key player in renewable energy, has commenced the construction of a new wind farm in the Rhenish lignite region, marking another milestone in the area’s energy transition. Set on recultivated land in the Inden opencast mine, … Read the full press release

RWE Launches US$2 Billion Green Bond, Eyes Expansion in Renewable Energy Market

(IN BRIEF) RWE, a leading renewable energy company, has successfully issued its first green US dollar bond, totaling US$2 billion, with maturities of 10 and 30 years and yields ranging from 5.926% to 6.261%. The bond, oversubscribed 3.8 times, signifies … Read the full press release

RWE Receives Major Milestone: Exclusive Licence for Offshore Wind Project in South Korea

(IN BRIEF) RWE, a global leader in renewable energy, has secured a significant achievement with the award of a 495-megawatt Electricity Business Licence (EBL) by the Ministry of Trade, Industry & Energy of Korea for the development of the Seohae … Read the full press release

RWE Secures Tender for New Wind Farm in Rhineland-Palatinate, Expands Green Portfolio

(IN BRIEF) RWE has been awarded the tender for the Kail wind farm in the Cochem-Zell district, Rhineland-Palatinate, in a recent auction by the Federal Network Agency. With three wind turbines totaling 12.9 MW capacity set to be erected near … Read the full press release

RWE’s Werne Plants Awarded Contract for 820 Megawatt Reserve Capacity

(IN BRIEF) RWE Generation’s natural gas combined cycle units F and G, along with the K1 gas turbine at the Gersteinwerk site in Werne, have secured a contract to provide 820 megawatts of reserve power in the period from October … Read the full press release

Covestro and RWE Forge Long-Term Pact for Green Energy Supply

(IN BRIEF) Covestro and RWE have inked a substantial long-term power purchase agreement (PPA) aimed at bolstering Covestro’s Antwerp production site in Belgium with renewable energy from offshore wind turbines in the North Sea. This collaboration, spanning from 2026 to … Read the full press release

thyssenkrupp Steel Partners with RWE to Power Direct Reduction Plant with Green Electricity

(IN BRIEF) thyssenkrupp Steel and RWE have entered into a significant long-term Power Purchase Agreement (PPA) to supply green electricity to the first direct reduction plant at the Duisburg location, marking a pivotal step in the tkH2Steel transformation project. The … Read the full press release

RWE Inks Major Power Purchase Agreements with German Industrial Giants

(IN BRIEF) RWE Supply & Trading has finalized Power Purchase Agreements (PPAs) with seven prominent German industrial customers, securing the supply of approximately 1,000 gigawatt hours per year of green electricity from its Kaskasi offshore wind farm starting in 2026. … Read the full press release

RWE and PPC Partner to Propel Greek Energy Transition with Massive Solar Projects

(IN BRIEF) RWE and PPC, in collaboration through their joint venture company Meton Energy S.A., are accelerating Greece’s energy transition by investing in solar projects with a collective capacity of nearly 1 gigawatt. The final investment decision has been made … Read the full press release

DHL Group Inks 10-Year Renewable Energy Deal with RWE Supply & Trading

(IN BRIEF) DHL Group has signed a significant 10-year green energy agreement with RWE Supply & Trading, starting in 2026, to purchase approximately 104 gigawatt-hours of renewable electricity annually. This move aligns with DHL Group’s commitment to decarbonization and sustainability, … Read the full press release

RWE’s Agrivoltaics Plant in Germany Begins Green Electricity Supply

(IN BRIEF) RWE’s agrivoltaics (Agri-PV) plant in Germany, which integrates power generation and agriculture, has commenced the supply of green electricity to the grid after a rapid five-month construction period. Located on approximately seven hectares of recultivated land near the … Read the full press release

RWE Successfully Connects 20th Onshore Wind Farm in Poland, Expanding Renewable Portfolio

(IN BRIEF) RWE, a global leader in renewable energies, has achieved a significant milestone by connecting its 20th onshore wind farm to the grid in Poland. The Żnin wind farm, located in Kujawsko-Pomorskie, boasts 16 wind turbines with a total … Read the full press release

RWE Foundation Supports Socially Disadvantaged Youth with €125 Million Endowment

(IN BRIEF) In celebration of its 125th anniversary, RWE established the RWE Foundation with a substantial starting capital of 125 million euros, dedicated to fostering equal opportunities for children and young people across Europe. The foundation recently unveiled two of … Read the full press release

Vattenfall’s Norfolk Offshore Wind Zone Sold to RWE for £963 Million

(IN BRIEF) Vattenfall has agreed to sell the Norfolk Offshore Wind Zone to RWE for £963 million, ensuring the continued development of three wind farms off the east coast of England. The Norfolk Zone, with a total capacity of 4.2 … Read the full press release

European Commission Approves €2.6 Billion Compensation to RWE for Early Coal Phase-Out

(IN BRIEF) The European Commission has given its approval for RWE to receive €2.6 billion in compensation for the early phase-out of its lignite-fired power plants, as mandated by the German Act to Reduce and End Coal-Fired Power Generation passed … Read the full press release

RWE Partners with Masdar for UK Offshore Wind Project in Commitment to Clean Energy

(IN BRIEF) RWE has entered into an agreement with Masdar, a clean energy leader, to collaborate on the UK Dogger Bank South (DBS) offshore wind development projects. Masdar will acquire a 49% stake in the projects, while RWE will retain … Read the full press release

RWE’s Kårehamn Offshore Wind Farm Celebrates 10 Years of Reliable Green Energy Generation

(IN BRIEF) RWE’s Swedish offshore wind farm, Kårehamn, located in the Baltic Sea near the Island of Öland, has marked a decade of successful operation since its commissioning in October 2013. This offshore wind facility consists of 16 turbines, each … Read the full press release

DNV and Partners Advance Offshore Wind Emission Reduction Framework

(IN BRIEF) DNV and 14 industry partners, including RWE, Vattenfall, Ørsted, and others, have completed phase 1 of the Emission Reduction (EMRED) Joint Industry Project (JIP), which aims to develop a monitoring and reporting framework for quantitatively assessing greenhouse gas … Read the full press release

RWE Invests €10.3 Billion in Green Initiatives, Grows Portfolio by 5.7 GW

(IN BRIEF) RWE, a leading energy company, has reported significant investments of €10.3 billion in its “Growing Green” program during the first nine months of fiscal 2023, marking a substantial increase from the previous year’s €3.1 billion investment. The acquisition … Read the full press release

Equinor and RWE Enter 5-Year Natural Gas Supply Agreement to Foster Energy Security and Transition

(IN BRIEF) Equinor and RWE have signed a new supply agreement for natural gas, covering a period of five years starting in October. The agreement entails the supply of 10 to 15 terrawatt hours (TWh) of natural gas annually, strengthening … Read the full press release

RWE and Equinor Forge Long-Term Natural Gas Supply Deal to Bolster Energy Security and Transition

(IN BRIEF) RWE, an energy company based in Germany, has signed a new supply agreement with Equinor, a Norwegian energy company, for natural gas. The agreement spans five years, starting in October, with an annual volume ranging from 10 to … Read the full press release

Low-Carbon Hydrogen Focus: RWE and Equinor’s Innovative Value Chain

(IN BRIEF) RWE and Equinor have entered into a new supply contract for 10 to 15 terawatt hours (TWh) of natural gas annually, spanning until 2028. This collaboration strengthens their longstanding partnership and aims to enhance security of supply and … Read the full press release

RWE Unveils Global Contest to Foster Coexistence and Biodiversity in Offshore Wind

(IN BRIEF) RWE, a leading player in offshore wind energy, has initiated its inaugural “Floating Wind Co-use Competition,” aimed at fostering sustainable innovation in the field. The competition seeks proposals from start-ups, research institutes, and individuals globally to promote coexistence … Read the full press release

RWE Innovates Sustainability in Wind Power with Orkoien Onshore Wind Project

(IN BRIEF) RWE, a leading energy company, has taken a pioneering step in promoting sustainability in wind power with its Orkoien onshore wind project near Pamplona, Spain. Over 14 months, RWE constructed a 5.7-megawatt onshore wind turbine while testing two … Read the full press release

DemoSATH Floating Offshore Wind Project Powers Up, Pioneering Clean Energy in Spain

(IN BRIEF) The DemoSATH floating offshore wind project, led by Saitec Offshore Technologies in collaboration with RWE and KEPCO, has achieved a significant milestone by commencing electricity generation. Located off the Basque coast, the DemoSATH platform features a 2 MW … Read the full press release

RWE’s Sofia Offshore Wind Farm Advances with Subsea Cable Infrastructure Installation

(IN BRIEF) RWE’s Sofia Offshore Wind Farm project has commenced offshore construction with the installation of subsea cable infrastructure connecting the UK’s northeast coast to the wind farm site on Dogger Bank in the North Sea. The cable, to be … Read the full press release

RWE Aktiengesellschaft Initiates Share Acquisition for Employee Share Programme Compliance

(IN BRIEF) RWE Aktiengesellschaft is set to acquire shares in RWE Aktiengesellschaft within the November 15 to November 21, 2023 timeframe. The total purchase value is capped at EUR 25,000,000.00, representing a maximum of 656,857 shares based on the closing … Read the full press release

RWE Advances 200 MW Montgomery Ranch Wind Farm in Texas to Bolster State’s Renewable Energy Capacity

(IN BRIEF) RWE, a prominent renewable energy company, has commenced construction of the 200 MW Montgomery Ranch Wind Farm in Foard County, Texas. This new addition elevates RWE’s wind capacity in Texas to 4.3 GW, capable of powering over 1.2 … Read the full press release

RWE Triumphs in First Gulf of Mexico Offshore Wind Lease Auction, Expanding U.S. Footprint

(IN BRIEF) RWE, a leading global offshore wind company, has secured a lease in the U.S. Department of the Interior’s first Gulf of Mexico offshore wind lease auction. The company won Lease Area OCS-G 37334 with a bid of $5.6 … Read the full press release

ČEPS and RWE Finalize Sale of RWE Gas Storage CZ

(IN BRIEF) State-owned electric power transmission operator ČEPS has finalized the sale of its subsidiary, RWE Gas Storage CZ, to RWE, a German energy company. The Czech Republic’s government approved the purchase, and the contract was signed recently. RWE Gas … Read the full press release

RWE Initiates Green Electricity Advancement with Hambach Lignite Opencast Solar Project

(IN BRIEF) RWE is making substantial progress in green electricity production with a new venture at the Hambach lignite opencast mine. They’re constructing a photovoltaic plant integrated with a battery storage system. About 22,000 solar modules will be installed, capable … Read the full press release

RWE Gains Approval for 900 MW Offshore Wind Farms in German North Sea to Drive Green Energy Expansion

(IN BRIEF) RWE has been granted awards by the German Federal Network Agency for two wind farm sites, N-3.6 and N-3.5, within the Nordseecluster B in the German North Sea. The company intends to develop, build, and operate two wind … Read the full press release

RWE Reports €9 Billion Investment Surge and Robust Earnings in First Half of 2023, Driven by Renewable Energy Expansion

(IN BRIEF) RWE, focused on building a sustainable energy system, significantly increased its investment activity in the first half of fiscal 2023, spending €9 billion on growth compared to €2.1 billion in the same period last year. This expansion included … Read the full press release

RWE Raises Earnings Outlook for 2023 on Strong First-Half Performance in International Power Generation

(IN BRIEF) RWE, a German energy company, has raised its earnings forecast for fiscal year 2023 based on strong operational performance in the first half of the year. The increase in earnings is primarily attributed to international power generation in … Read the full press release