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

CalWave to Provide Wave Energy Tech for British Columbia Project

Second Offshore Wind Sale Proposed for Gulf of Mexico

DNV Validates Moss Maritime’s Offshore Floating Solar Design

Current News

Baron Oil Surrenders License in Once Promising North Sea Block

Netherlands Receives Multiple Bids in 4GW Offshore Wind Tender

Welsh Port Steps Closer to Becoming Floating Wind Hub

Baker Hughes: US Drillers Cut Oil and Gas Rigs for Second Week In A Row

Subscribe for OE Digital E‑News