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

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

China Starts Production at Major Oil Field in Bohai Sea

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

China Rolls Out 17MW Floating Wind Turbine Prototype

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

CNOOC Finds Oil and Gas in South China Sea

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

CDWE Wraps Up Pin Pile Installation Job for Taiwanese Offshore Wind Farm

Current News

Cheniere, JERA Ink Long-Term LNG Sale and Purchase Agreement

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Seatrium Engages Axess Group to Clear FPSOs for Brazil Deployment

Inpex Picks FEED Contractors for Abadi LNG Onshore Plant

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

ADNOC Signs Long-Term LNG Deal with Hindustan Petroleum Corporation

Sapura Energy Rebrands to Vantris Energy

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

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