RWE Open to Partnerships in US Wind

Wednesday, May 15, 2019

German utility RWE would consider teaming up with peers and oil companies to make a move in the U.S. wind market, its chief financial officer Markus Krebber said on Wednesday.

RWE will become Europe's third-largest renewable group following a deal to acquire the green energy units of E.ON and Innogy, which is expected to be completed this year.

Krebber also said higher carbon emission permit prices and low gas prices in the first quarter moved utilization of RWE's European gas-fired power plants up 10 percent.

Correspondingly, the utilization rates of coal-fired plants dropped by 10 percent as they require more CO2 permits to cover their output.


(Reporting by Christoph Steitz and Vera Eckert Editing by Michelle Martin)

Categories: Energy Renewable Energy Industry News North America Renewables

Related Stories

ADIPEC Urges Efforts to Assist Emerging Economies

Svendborg Brakes' Yaw Brake Solution Transforms Wind Turbine Maintenance

SLB OneSubsea to Deliver Critical Subsea Equipment for BP’s Kaskida Field

Current News

Did You Know? Six Steps Cyber Attackers Take to Steal Maritime Data

RWE Picks Home Port for Construction of Denmark’s Largest Offshore Wind Farm

Halliburton Misses Profit Estimate Following Damaging Cyber Attack

Türkiye Offshore Wind Roadmap Outlines Up to 7GW Potential by 2040

Subscribe for OE Digital E‑News