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

Strohm Nets Ultra-Deepwater Supply Deal for Southeast Asia’s Gas Scheme

Energy Drilling Lands $87M Drilling Job Offshore Malaysia

Inpex Moves $21B Indonesian LNG Project Closer to Investment Decision

Seatrium Inks $390M Deal to Complete Four Offshore Rigs for Keppel’s Rigco

Sunda Energy Gets Chuditch License Extension After Termination Warning

Oil Markets Brace for Years of High Prices as Iran War Drags On

Murphy Oil Finds More Oil Offshore Vietnam, Côte d'Ivoire

Eni Agrees Indonesian Gas Asset Sales to Pertamina and Medco

Iran Weighs US Response as Hormuz Reopening Talks Stall

Santos Expands LNG Portfolio with Asia, Canada Deals

Current News

Strohm Nets Ultra-Deepwater Supply Deal for Southeast Asia’s Gas Scheme

Damaged Tanker Leaks Oil Across UAE Waters as Spill Widens

Energy Drilling Lands $87M Drilling Job Offshore Malaysia

Inpex Moves $21B Indonesian LNG Project Closer to Investment Decision

Woodside Agrees to Sell Greater Sunrise Stake to TIMOR GAP for Up to $200M

Seatrium Inks $390M Deal to Complete Four Offshore Rigs for Keppel’s Rigco

Indonesia Cuts Singapore Pipeline Gas Flows by 9% to Meet Domestic Demand

Idemitsu Taps PV Drilling for Vietnam's Offshore Drilling Campaign

Indonesia's Jangkrik FPU Set for Major Gas Output Boost

PTTEP, Eni Launch Joint Venture for ADNOC-Operated Ghasha Offshore Project

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com