- Title: RWE has 18 gigawatt renewable project pipeline in green shift
- Date: 30th September 2019
- Summary: ESSEN, GERMANY (SEPTEMBER 30, 2019) (REUTERS) ***WARNING: CONTAINS FLASH PHOTOGRAPHY*** RWE CHIEF EXECUTIVE OFFICER ROLF MARTIN SCHMITZ AND RWE CHIEF FINANCIAL OFFICER MARKUS KREBBER STANDING ON PODIUM PAN FROM LIGHTS TO NEWS CONFERENCE IN PROGRESS PAN FROM SCHMITZ TO KREBBER CAMERA CABLES JOURNALISTS LISTENING (SOUNDBITE) (German) RWE CHIEF EXECUTIVE OFFICER ROLF MARTIN SCHMITZ, SAYING: "Today we are setting off to new shores, with a strong desire for new ventures. At the same time we don't forget our roots. Openness, fairness and respect for the achievements of others are the foundation of our teamwork at RWE for 120 years. Coal and nuclear energy are the base on which today we will build the new RWE." NEWS CONFERENCE IN PROGRESS VARIOUS JOURNALISTS AT CONSTRUCTION SITE OF RWE BUILDING (SOUNDBITE) (German) RWE CHIEF EXECUTIVE OFFICER ROLF MARTIN SCHMITZ, SAYING: "The future energy world needs a driving force. We take on this role very actively. We want to take the energy transition forward, in doing so we won't focus on state borders. Germany is and always will be the home of RWE, but as an international company we act globally and have to sustain our position in the international competition." NEWS CONFERENCE ONGOING SIGNS READING (German): 'RWE - ALWAYS NEW FOR 120 YEARS' AND 'WELCOME IN THE RENEWABLE AGE' (SOUNDBITE) (German) RWE CHIEF EXECUTIVE OFFICER ROLF MARTIN SCHMITZ, SAYING: "The trees will stay until the end of 2020 as we have declared not to clear them until then. If we then we will do so in the framework of the coal compromise, probably we will have to completely re-structure the Hambach open cut mining and this can lead to trees being kept if that is acceptable for the authorities." PAN FROM SCHMITZ TO RWE LOGO
- Embargoed: 14th October 2019 11:31
- Keywords: RWE renewable project pipeline Innogy E.on
- Location: ESSEN, GERMANY
- City: ESSEN, GERMANY
- Country: Germany
- Topics: Company News Markets,Economic Events
- Reuters ID: LVA001AYULNKD
- Aspect Ratio: 16:9
- Story Text: German utility RWE has a renewable project pipeline of more than 18 gigawatts (GW), mostly in the United States, it said on Monday (September 30), confirming it could pour up to 3 billion euros ($3.3 billion) into green energy sources a year.
RWE has transformed itself by taking over the renewables activities of subsidiary Innogy and peer E.ON, which was part of a major reshuffle of Germany's power sector.
The move has turned RWE into Europe's third-largest renewables group after Spain's Iberdrola and Italy's Enel. It has also become the world's No. 2 operator of offshore wind farms behind Denmark's Orsted.
The United States accounts for more than half of the group's 18 GW renewable project pipeline, with a focus on onshore wind and solar. In Europe, more than 8 GW of offshore and onshore wind projects could be realised.
RWE, Europe's biggest CO2 polluter, said it would be carbon-neutral by 2040, two years after the last German coal-fired power plant is due to be switched off.
(Production: Stephane Nitschke, Andreas Kranz, Ulrike Heil) - Copyright Holder: REUTERS
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