Preferred supplier agreement signed for RWE’s 350 MW F.E.W. Baltic II offshore wind farm; 25 x SG 14-236 DD machines intended to be used; local Polish supply chain to contribute Siemens Gamesa Baltic Sea Offshore Execution center to be launched creating more than 150 direct jobs; Gda?sk to be main location Memorandum of Understanding signed … Continue reading RWE and Siemens Gamesa join forces to boost Polish offshore wind energy industry
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RWE Renewables’ Hickory Park Solar project
RWE Renewables’ Hickory Park Solar project, a 195.5-megawatt (MWac) facility coupled with a 40 MW 2-hour battery storage system, located in Mitchell County, Georgia, is in operation. RWE is operator/manager of the solar facility, selling the energy and renewable attributes from the facility to Georgia Power through its Renewable Energy Development Initiative (REDI) program. In … Continue reading RWE Renewables’ Hickory Park Solar project
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RWE starts construction of a ground-mounted solar farm in Portugal
RWE is making good progress in expanding its solar business in Europe: having last year kicked-off the construction for two ground-mounted solar farms, and plans to start construction of another one in Spain this summer, the company is now realising a new photovoltaic (PV) project in Portugal. The solar farm with a planned capacity of … Continue reading RWE starts construction of a ground-mounted solar farm in Portugal
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RWE and ArcelorMittal intend to jointly build and operate offshore wind farms and hydrogen facilities
RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany. The partnership centres on driving forward the production of carbon-neutral steel, with a plan … Continue reading RWE and ArcelorMittal intend to jointly build and operate offshore wind farms and hydrogen facilities
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German Offshore electricity for medium-sized industrial companies
The idea is as innovative as it is reasonable: RWE and Commerzbank plan to create a ‘Green Mittelstand Fund’ to give medium-sized industrial companies in Germany access to green electricity generated by offshore wind plants. The two companies have signed a Memorandum of Understanding (MoU) to this effect. The new fund will offer these companies … Continue reading German Offshore electricity for medium-sized industrial companies
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RWE Supply & Trading starts trading in voluntary emission reductions
From July onwards, RWE will offer a certified carbon compensation product – voluntary emission reductions (VERs) – to its key accounts and industrial customers. Voluntary emission reductions are resulting of projects that aim to reduce or avoid emissions. The certificates can be obtained on RWE’s digital platform Easy Commodity Trader or directly via RWE Supply … Continue reading RWE Supply & Trading starts trading in voluntary emission reductions
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RWE wins long term service & maintenance agreement at Greater Gabbard
Following a recent competitive tender process RWE Renewables has been successful in winning the wind turbine service & maintenance agreement at the 140 turbine, 504MW Greater Gabbard Offshore Wind Farm. The 10 year agreement will commence in early 2023, taking the project through to planned end of life. Greater Gabbard Offshore Wind Farm is a … Continue reading RWE wins long term service & maintenance agreement at Greater Gabbard
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German Offshore electricity for medium-sized industrial companies
The idea is as innovative as it is reasonable: RWE and Commerzbank plan to create a ‘Green Mittelstand Fund’ to give medium-sized industrial companies in Germany access to green electricity generated by offshore wind plants. The two companies have signed a Memorandum of Understanding (MoU) to this effect. The new fund will offer these companies … Continue reading German Offshore electricity for medium-sized industrial companies
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RWE launches floating wind virtual classroom
To mark Global Wind Day, RWE, one of the world’s leading renewable companies, has launched its educational hub designed to make learning about floating wind interactive and accessible to all. Floating wind technology presents an opportunity to harness the untapped potential of deep water coastal areas such as those off the coast of Wales in … Continue reading RWE launches floating wind virtual classroom
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RWE and SGN announce green hydrogen partnership for domestic heat in Scotland
Supplying Scottish towns and rural communities with sustainable hydrogen gas will be the focus of a landmark partnership announced today between gas distribution company SGN and renewables generator RWE. A Memorandum of Understanding (MoU) has been signed between the two companies to investigate the development of electrolysers, powered by RWE’s 10 onshore wind farms in Scotland which have a … Continue reading RWE and SGN announce green hydrogen partnership for domestic heat in Scotland
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Andrew Flanagan joins RWE Renewables Americas Board as Chief Operating Officer
The RWE AG Executive Board has appointed Andrew Flanagan Chief Operating Officer (COO) of RWE Renewables Americas. He will assume the office on 1 July 2022. Andrew comes to RWE from his position as Senior Vice President, Chief Development Officer at Leeward Renewable Energy. There he led project development and power functions, managing a diversified … Continue reading Andrew Flanagan joins RWE Renewables Americas Board as Chief Operating Officer
Continue readingSweden: Nysäter wind farm connects to grid
The Nysäter wind farm, around 400 kilometres north of Stockholm, is now an essential pillar of Sweden’s green energy supply: in the presence of high-ranking representatives from business and politics, it will be inaugurated this afternoon. The 114 turbines have a capacity of 475 megawatts. This makes Nysäter one of the largest wind farms in Europe, … Continue reading Sweden: Nysäter wind farm connects to grid
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RWE’s largest battery storage project goes live in Monaghan, Ireland
RWE’s second and largest-to-date battery storage project has entered full operations in County Monaghan, Ireland. The 60-megawatt (MW) facility, located at Lisdrumdoagh, (3km East of Monaghan town) is capable of providing the rapid delivery of electricity into the power grid to help balance intermittency in electricity generation. It also provides a short term back-up to … Continue reading RWE’s largest battery storage project goes live in Monaghan, Ireland
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RWE accelerates green power expansion
RWE is moving ahead with the expansion of renewable energies in Germany: RWE has already significantly strengthened its team for the onshore and solar business, which has a very regional focus. Of the 200 vacancies, around 50 have already been filled by new colleagues. They will intensively drive forward the project development of onshore wind … Continue reading RWE accelerates green power expansion
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Awel y Môr wind farm moves to next phase as proposals formally submitted to the UK Planning Inspectorate
Awel y Môr offshore wind farm, which could provide power for up to 500,000 homes, has passed a key milestone after proposals were submitted to, and accepted for consideration by the UK Planning Inspectorate. The project, which is being developed by RWE Renewables on behalf of the project’s partners, now moves into the ‘pre-examination’ phase … Continue reading Awel y Môr wind farm moves to next phase as proposals formally submitted to the UK Planning Inspectorate
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RWE successfully issues €2 billion green bond in two tranches
RWE has successfully issued a further green bond with a total volume of €2 billion. The bond was issued in two tranches of €1 billion each with maturities in 2026 and 2030. For the first tranche, the yield-to-maturity amounts to 2.2%, based on a coupon of 2.125% p.a. and an issuance price of 99.652%. For the second … Continue reading RWE successfully issues €2 billion green bond in two tranches
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Floating wind project successfully completes the offshore mooring installation
RWE is well on track to become a leader in floating wind and to have one gigawatt either in operation or under construction by 2030. To gain experience early and pave the way for commercial-scale floating wind, RWE is participating in multiple high-profile floating demonstration projects like the DemoSATH pilot project with Saitec Offshore Technologies. … Continue reading Floating wind project successfully completes the offshore mooring installation
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RWE successfully issues €2 billion green bond in two tranches
RWE has successfully issued a further green bond with a total volume of €2 billion. The bond was issued in two tranches of €1 billion each with maturities in 2026 and 2030. For the first tranche, the yield-to-maturity amounts to 2.2%, based on a coupon of 2.125% p.a. and an issuance price of 99.652%. For the second … Continue reading RWE successfully issues €2 billion green bond in two tranches
Continue readingRWE participates in the Dutch tender for offshore wind power
RWE’s innovative ecological concepts deliver net positive impact on biodiversity during construction and operation of offshore site VI. Perfect match of supply and demand through full system integration at offshore site VII, including 600 MW electrolyser capacity for green hydrogen production, e-boilers for heating and battery storage.Comprehensive Research & Development programme on system integration and … Continue reading RWE participates in the Dutch tender for offshore wind power
Continue readingRWE reports quarterly results
In operational terms, the year started very well for RWE. At €1,460 million, adjusted EBITDA (earnings before interest, taxes, depreciation, and amortisation) for the first quarter of 2022 clearly exceeded the previous year’s figure (Q1 2021: €883 million). Adjusted EBIT also rose significantly, from €548 million to €1,098 million. Adjusted net income more than doubled, from €340 million to … Continue reading RWE reports quarterly results
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