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Essen, 24 August 2015, RWE AG

RWE restructures top management at RWE npower

RWE AG is acting on the unexpectedly negative mid-year result for 2015 at UK subsidiary RWE npower. Paul Coffey is to become the new CEO of the company as well as Country Chair UK. Dirk Simons, currently CFO of RWE Innogy, will become COO. Martin Mikláš, currently CFO at RWE Polska, will take over as CFO.more

Ibbenbüren, 17 August 2015, RWE Deutschland AG

RWE tests innovative energy storage solution

On Monday, RWE officially launched its power-to-gas plant in the NRW location of Ibbenbüren. The state-of-the-art plant is part of new system that, for the first time ever, links together the supply of local electricity, natural gas and district heating. Any superfluous electricity from renewable sources is converted into hydrogen so it can be stored within the natural gas network. more

Essen, 13 August 2015, RWE AG

RWE confirms earnings forecast for 2015

During the first half of 2015, RWE’s EBITDA fell, in line with expectations, by 7% year on year to EUR 3.2 billion, while its operating result was down 11% to EUR 2.0 billion. Energy supply showed a positive trend, contributing EUR 614 million Europe-wide to the operating result (previous year: EUR 589 million). Adjusted net income (previously: recurrent net income) was down 28% to EUR 543 million. The Renewables Division posted a marked improvement in earnings.more

Essen, 10 August 2015, RWE AG

Supervisory Board approves reorganisation
of RWE

The Supervisory Board today approved the proposal of the Executive Board of RWE AG to transform the management holding into an operating company and to merge most of the German RWE companies within it. more

Essen, 31 July 2015, RWE AG

RWE calls hybrid bond of 2010

RWE has called its hybrid bond issued in 2010 with a volume of 1.75 billion Euro and a coupon of 4.625% at the earliest possible date, 28 September 2015. The perpetual hybrid bond was RWE’s first move into this segment of the capital market. It was followed by issuances in Swiss francs, pounds Sterling and US dollars. This year, RWE has launched three further hybrid bonds in Euros and US dollars to replace the bond now called.more

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