With its operating business fields of Conventional Power Generation and Energy Trading, RWE AG is indispensable to the proper functioning of the energy system and for security of supply in Europe. Our third pillar is our majority shareholding in innogy SE.
RWE Generation is currently one of the leading power generation companies in Europe and is a top performer and centre of competence for conventional power generation within the RWE Group. The company currently has a power generation capacity of over 40,000 Megawatt and a workforce of around 14,000 people at 79 locations. In Germany alone, its power plants currently provide one third of supply. RWE Generation is working to ensure that power is generated in an even more environmentally friendly way in the future, that it continues to be reliably available and remains affordable. The company is proud to work on this important future task. We feel strongly committed to the people in the regions in which we are active.
RWE Supply & Trading is a leading European energy trading house and an active player on the global wholesale markets for energy and energy-related raw materials in both their physical and/or derivative forms. This includes power, gas, coal, freight, oil, weather derivatives, biomass, emissions certificates and renewable energies. We are responsible for the economic optimisation of power generation and the entire non-regulated gas business of RWE. Large industrial companies and trading partners are offered long-term delivery concepts by RWE Supply & Trading next to trading-based portfolio and risk management solutions.
innogy SE is one of the leading European energy companies. With its three business areas of Renewables, Grid & Infrastructure as well as Retail, it addresses the requirements of a modern, decarbonised, decentralised and digital energy world. The focus of innogy SE’s activities is on offering existing and potential customers innovative and sustainable products and services which enable them to use energy more efficiently and improve their quality of life. In renewable power generation, the company is also active in other regions, e.g. Spain and Italy. The new subsidiary of RWE AG started operations on 1 April 2016. On 29 June 2016, the name of the European stock company was announced: innogy. The formal change of name took place on 1 October 2016 and since 7 October 2016 the company is listed on the stock market.
In spite of difficult framework conditions, RWE AG is making an important contribution towards stabilising the European energy system. Conventional power generation will continue to be required as a partner to renewables in the future. Furthermore, it can also profit from increasing wholesale prices. In addition, we balance out the massive fluctuations in renewable generation by engaging in ongoing trading activities.
RWE AG is an important bridge-builder and the backbone of the changing energy markets in Europe.