- Title: RWE has 18 gigawatt renewable project pipeline in green shift
- Date: 30th September 2019
- Summary: ESSEN, GERMANY (FILE - MARCH 5, 2018) (REUTERS) VARIOUS OF INNOGY ADVERTISEMENT WINDOWS VARIOUS OF STREET SIGN "RWE, INNOGY" VARIOUS OF "INNOGY"-CUBE ON HIGH-RISE TAGEBAU HAMBACH, GERMANY (FILE - JUNE 24, 2019) (REUTERS) WIDE OF DIGGER AND OPEN-PIT MINE VARIOUS OF DIGGERS AND WORKERS PLANT WITH DIGGER IN FOREGROUND
- 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: LVA002AYULNKD
- 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)
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