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
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Sweden: 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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RWE’s onshore wind farm El Algodon Alto in the U.S. in operation
RWE Renewables’ El Algodon Alto, a 200-megawatt (MW) onshore wind farm, located in San Patricio County, Texas, is in operation. The project, located in the Electric Reliability Council of Texas (ERCOT) south market, is powered by 91 Vestas turbines and will generate enough electricity to power more than 60,000 homes. In total, the project spent more … Continue reading RWE’s onshore wind farm El Algodon Alto in the U.S. in operation
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RWE charters two floating LNG terminals and takes over operational responsibility
In the effort to free Germany from its dependency on Russian gas, an important milestone has now been reached: on behalf of and in the name of the German government, RWE has chartered two so-called Floating Storage and Regasification Units (FSRU). FSRUs are special ships that offer a rapid interim solution for landing liquefied natural … Continue reading RWE charters two floating LNG terminals and takes over operational responsibility
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RWE receives funding approval for 14-megawatt electrolyser test facility in Lingen
An €8 million commitment by the government of Lower Saxony has brought RWE’s plans to set up a test electrolyser to generate green hydrogen in Lingen within reach. Olaf Lies, Minister for the Environment, Energy, Construction and Climate Protection for the State of Lower Saxony, handed over the funding documentation to Sopna Sury, Chief Operating … Continue reading RWE receives funding approval for 14-megawatt electrolyser test facility in Lingen
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RWE starts approval procedure for hydrogen storage facility in Gronau
RWE Gas Storage West is contributing towards ramping up the European hydrogen economy as part of the GET H2 initiative. In this context, a new section for hydrogen is to be constructed at the natural gas cavern storage facilities at Kottiger Hook by 2026. Most of Germany’s first commercial hydrogen cavern storage facility is to … Continue reading RWE starts approval procedure for hydrogen storage facility in Gronau
Continue readingRWE to deliver solar power produced at Inden opencast mine from summer
In only a few weeks’ time, RWE’s Inden Opencast Mine will no longer produce just lignite, but also solar power. After officially breaking ground, building work has commenced for a utility-scale photovoltaics system with integrated battery storage. The solar modules will produce a peak electric output of 14.4 megawatts (MW). The “RWE indeland Solarpark” is the … Continue reading RWE to deliver solar power produced at Inden opencast mine from summer
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RWE puts Krusemark-Ellingen wind farm into operation
More power for the Krusemark-Ellingen wind farm in Saxony-Anhalt: The decision has recently been taken to “repower” this project, which was initially constructed between 1998 and 2004, and the sixth and last new wind turbine has been put in place. The state-of-the-art Nordex turbines, each with a generation capacity of 3.3 megawatts (MW), replace the 15 existing Enercon … Continue reading RWE puts Krusemark-Ellingen wind farm into operation
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RWE selects Port of Thorsminde as Operations & Maintenance base for Denmark’s largest offshore wind farm
RWE has selected Port of Thorsminde from which to carry out the operation and maintenance of its Thor Offshore Wind Farm. Both companies have now signed a corresponding Letter of Intent (LoI) to support the arrangement. With a planned capacity of 1,000 megawatts (MW) Thor will be Denmark’s largest offshore wind farm to date. The wind … Continue reading RWE selects Port of Thorsminde as Operations & Maintenance base for Denmark’s largest offshore wind farm
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