Project partners GASCADE, Gasunie, RWE and Shell signed a declaration of intent to further intensify their collaboration on the AquaDuctus project. The AquaDuctus pipeline will transport green hydrogen from the North Sea directly to the continent. It is part of the AquaVentus initiative, which plans to install 10 gigawatts of electrolysis capacity for green hydrogen […]
Get H2 partners propose green hydrogen pipeline in Europe
Seven companies from the GET H2 initiative in Europe want to build a cross-border pipeline for green hydrogen. From Lingen (Emsland) to Gelsenkirchen and from the Dutch border to Salzgitter, production, transport, storage and industrial acceptance of green hydrogen are to be connected in several steps between 2024 and 2030 under the umbrella of the […]
Renewables Buoy RWE and EDF as Clean Energy Outlook Brightens
RWE forecasts 10 gigawatts of cumulative renewables deployments by the end of 2020; EDF has nearly 40 GW of wind and solar in its pipeline. Two of Europe’s major utilities have demonstrated the signs of a post-coronavirus lockdown recovery, highlighted by growing renewables capacities. EDF and RWE both reported their Q3 results at the end […]
Germany to publish nuclear storage list, Gorleben dropped
The list of sites, to be assessed by 2031 for use from 2050 to hold waste currently in interim storage at nuclear plants, will be published by Germany’s Federal Agency for Final Storage (BGE) FRANKFURT: Germany on Monday will publish a list of potential storage sites for radioactive waste as part of its plans to […]
RWE signs agreements to extend four UK offshore wind farms
The extension projects have a combined potential installed capacity of around 1.8 gigawatts, with RWE’s share amounting to almost 900 megawatts LONDON: Germany utility RWE said on Monday it has secured lease agreements to develop four offshore wind farm extension projects in Britain. RWE Renewables and its project partners signed the agreements with Britain’s Crown […]
Thyssenkrupp, RWE plan hydrogen mass production venture
While several pilot projects have been launched in the field, the planned cooperation between the two sector leaders is aimed at using green hydrogen, created by using power from renewable sources, for the commercial production of steel DUESSELDORF/FRANKFURT: German utility RWE plans to mass produce hydrogen from renewable energy sources as part of a supply […]
RWE Backs New Design in Race for Future of Floating Wind Parks
RWE AG’s renewable energy arm is working with a Spanish company to develop new technology for floating wind farms as utilities explore how to generate power further out at sea. The German company will work with Spain’s Saitec Offshore Technologies to build a turbine that sits atop a pair of floating, steel-reinforced concrete hulls. The […]
Germany Seals $45B Coal Phaseout Deal
Hard-hit regions and utilities will be compensated for their role in Germany’s energy transition, but RWE faces more than $1B in uncovered costs. Germany’s federal and state governments agreed Thursday on the tricky terms of the country’s coal phaseout, with the total bill set to run to €40 billion ($44.6 billion) as hard-hit regions are […]
RWE is possible takeover target in renewables boom – Goldman Sachs
Following an asset swap with E.ON, RWE last year became Europe’s third-largest renewables player after Spain’s Iberdrola and Italy’s Enel, and the world’s No.2 offshore wind player after Denmark’s Orsted FRANKFURT: RWE, Germany’s largest power producer, could become a takeover target as big industry players strive to expand their renewable portfolios around the world, Goldman […]
RWE hedges power prices up to 2022, CO2 costs into the mid-2020s
The company also covered much of its carbon emissions rights requirements through accompanying financial hedges to protect itself against generation margin risks FRANKFURT: German utility RWE, one of Europe’s biggest power generators, has sold much of its power output over the next few years, it said on Thursday. * The company also covered much of […]