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

Oil Flows to Lag Even if Hormuz Strait Reopens

Fire at ONGC's Offshore Platform Injures 10, Operations Normalized

Energy Crisis from War on Iran Deeper Than Widely Assumed

Iran War Reshapes Global LNG Trade

Oil Rises as Widening Conflict Endangers Red Sea, Hormuz Flows

Iran War Sends LNG Prices Soaring, Curbing Asia Demand

Oil Falls on Middle East Ceasefire Hopes, Easing Supply Fears

IEA Weighs Further Oil Stock Releases as War on Iran Continues

Offshore Vietnam: Energy Imports Rise as Domestic Production Falls

Eni Advances Major Deep Water Gas Hubs with Dual FIDs

Current News

ADNOC Drilling Finalizes MB Petroleum JV, Expands Regional Fleet

Brent Near $114 as Middle East Conflict Continues

Thailand Cancels Offshore Energy Exploration Pact with Cambodia

Vessel Sector Deep Dive: WTIVs

Indonesia’s Mako Gas Project on Track for First Gas in 2027

CNOOC’s First Quarter Profit Rises on Higher Oil Prices, Output

UAE Exit Weakens OPEC, Raises Risk of Price War

United Arab Emirates Exits OPEC and OPEC+

Technology as Enabler of Energy Security in Offshore Asia

Saipem Poised for Middle East Repair Work After Iran War

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