RWE freezes 2.5GW UK gas and energy storage project

The German utility said the decision was made ‘based on current market conditions and project costs’

E.ON launches takeover offer for innogy stake

It is offering the 23.2% stake for €40 (£35) per share

E.ON to acquire innogy in asset-swap with RWE

A new deal between the German utilities will see E.ON focus on energy networks while RWE takes over the companies’ renewable units

Acid attack on CFO of German energy firm innogy

The police said Bernhard Günther suffered ‘severe injuries’ but is currently stable

First UK green gas exported to Europe

Green gas has been exported for the first time from the UK to Europe. British shipper Barrow Green Gas is transporting biomethane via an interconnector pipeline to help Dutch energy firm Essent, owned by RWE, to meet demand. Tim Wijnen, Manager developer markets at Essent said: “Simply put, over time there will not be enough […]

Innogy sets up new EV business

RWE’s Innogy has announced it will launch a new business unit for electric vehicles (EVs). Its new eMobility business unit aims to become a leading provider for charging infrastructure for EVs in Europe and the US. Innogy claims it already operates one of the largest charging networks in Europe and its experts are developing innovative […]

RWE’s profits drop by 13%

German utility RWE has reported a 13% fall in earnings during the first three quarters of the year. It’s EBITDA during the same period has been €3.8 billion (£3.26bn), according to the firm. Its operating results amounted to €2.1 billion (£1.80bn), a 20% drop year-on-year, while its adjusted net income was €227 million (£195.22m) which is […]

RWE to buy German solar and storage specialist

RWE’s renewable arm has signed a share purchase agreement with a German solar and storage specialist. The takeover of BELECTRIC Solar & Battery Holding is subject to approval by the anti-trust authorities and is expected to be completed in early 2017. The solar developer has built more than 280 plants with a total capacity of […]

RWE inaugurates £12m hydropower station in Scotland

A hydropower station worth £12 million has officially been inaugurated in Scotland. The 3MW plant has been developed by RWE Innogy and is located at the eastern end of Loch Arkaig. Scottish Energy Minister Paul Wheelhouse, who was at the inauguration ceremony, said the Cia Aig Hydro Scheme “will help contribute to the growing importance […]

npower restructuring ‘is bearing fruit’

RWE has said the restructuring of npower “is bearing fruit”. In its report on the first half of the fiscal year, the German firm stated its UK supply business is successful. Peter Terium, CEO at RWE AG: “The restructuring programme in our UK supply business has got off to a good start. The operational improvements are on […]