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Essen, 13 November 2014, RWE AG

RWE confirms outlook for 2014

Persistently low prices on the wholesale electricity market and the unusually mild weather continue to affect RWE AG’s business performance in 2014. In the first three quarters, the operating result fell as expected to EUR2.9 billion, a drop of 31% year on year. EBITDA was down 22% to EUR4.7 billion, and recurrent net income – the basis for determining the dividend – fell 60% to EUR763 million. However, the severity of these decreases is partly attributable to a high one-off payment awarded to RWE during the previous year as a result of a proceeding to renegotiate prices for its gas purchasing agreements, and partly to the fact that recurrent net income no longer includes the result from RWE Dea as it is in the process of being sold. Group revenue fell 9% to EUR35.3 billion.more

Essen, 10 November 2014, RWE AG

RWE signs communications professional Cord Dreyer

RWE is pooling its communications within a Group-wide “Center of Expertise Communications” (CoE C), where regional, national and international messages relevant to the Group and its subsidiaries will be targeted to specific groups via the various communication channels. A real communications professional in the person of Cord Dreyer has been secured as the director of this new unit. more

Bedburg, 10 November 2014, RWE Innogy GmbH

Green light for second construction phase at the Königshovener Höhe wind farm

Today, the second phase of construction commences at the Königshovener Höhe wind farm. RWE and the town of Bedburg are jointly building a wind farm with an overall capacity of 67 megawatts (MW) on reclaimed land that was previously the Garzweiler open cast mine site. The city has a 49 percent interest in the jointly developed wind farm. The first twelve wind turbines should be completed by the end of this year, while the nine turbines that comprise the second phase of construction are slated to be fully commissioned by the end of 2015. Wind turbines from German manufacturer Senvion, with an output of 3.2MW each, have been selected for installation. Overall investment in the project amounts to some 110 million euro.more

Essen, 06 November 2014, RWE AG

RWE to increase presence in MENA region

Paul van Son will be the RWE Country Chair for RWE for energy projects in the MENA/Turkey region from January 2015. His focus there will be on extending the contact network with governments and private sector companies in the Middle East, North Africa and Turkey, as well as driving the development of energy projects in the areas of renewables and smart technologies in particular.more

Kencot Hill , 30 October 2014, RWE Supply & Trading

RWE connects solar farm to UK grid

RWE Supply & Trading today announces the successful connection of the 37MWp solar power plant at Kencot Hill to the UK grid. The solar park has been constructed and commissioned by global downstream company Conergy. more

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