Essen, 20 March 2015, RWE AG

Proposals of Federal Ministry for Economic Affairs and Energy endanger the future survival of lignite

Proposals of the German Federal Ministry for Economic Affairs and Energy were revealed yesterday according to which the climate protection targets of the German government were to be implemented by reducing CO2 emissions from power plants by 22 million tonnes. more

Toronto / Essen, 19 March 2015, RWE Innogy GmbH

Nordsee One offshore wind farm reaches Financial Close

Northland Power Inc. ("Northland") and RWE Innogy GmbH, Essen (“RWE”), today announced that the €1.2 billion Nordsee One project has reached financial close, with all of the equity contributed to the project and all debt required for the project now fully committed by the project lenders. Northland owns 85% of the 332MW offshore wind farm to be located 40 kilometers off the coast of Germany, and RWE retains the remaining 15% interest.more

Ijmuiden/Essen, 18 March 2015, RWE Innogy GmbH

RWE Innogy testing second metocean buoy after promising first trial

RWE Innogy, in partnership with the operator of Eneco Luchterduinen offshore wind farm, has successfully completed the trial of an innovative offshore buoy for measuring wind and wave data in the Netherlands. The floating measuring platform demonstrably fulfilled the requirements with regard to availability and accuracy. For the purpose of testing further technical configurations with various manufacturers, an additional floating LiDAR was installed off the Dutch coast mid-March. The research project’s objective is to develop a cost-effective alternative to fixed met masts. Floating LiDAR systems are expected to only cost 10 to 20 percent of a conventional measuring mast, indicating huge potential to make a considerable contribution to cutting development costs of offshore wind farms.more

Essen, 10 March 2015, RWE AG

Earnings targets for 2014 achieved

The RWE Group has achieved its earnings targets for 2014. The fast progress made with the efficiency-enhancement programme contributed to an increase in earnings. The figure achieved at the end of the fiscal year was EUR 1.4 billion, EUR 400 million of which was realised in 2014. That is EUR 250 million more than expected. Other positive factors were high revenues from the sale of electricity networks and a very good performance in energy trading. This was not sufficient, however, to offset the decline in earnings from conventional electricity generation, in particular. more

Essen, 04 March 2015, RWE AG

RWE extends Peter Terium‘s mandate as Chief Executive Officer of RWE AG to 2021 / Uwe Tigges reappointed as member of RWE AG Executive Board

The Supervisory Board in its meeting today unanimously decided to terminate the appointment of Peter Terium (51) in agreement with him on 29 February 2016, and to re-appoint him with effect from 1 March 2016 for a period of five years as a full member of the Executive Board and as Chief Executive Officer of the company. The Supervisory Board also unanimously decided to extend Uwe Tigges' mandate as an RWE Executive Board member by five years until 31 December 2020. more

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