November 21, 2007
RWE Innogy pools its renewables activities
On the 1st of February 2008 the new company for renewables “RWE Innogy” will start operating. By taking this step, RWE will significantly extend its renewables activities in the near future. Innovation and new technologies will be the main tasks of the new company in which about 1500 megawatts of generating capacity will be pooled initially. RWE intends to invest at least €1 billion per year from 2008 onwards in expanding its renewables activities. “We have set some very ambitious targets for the new company. I am delighted that Prof. Dr. Fritz Vahrenholt is on board, as he has extensive experience in the area of renewables“, says Dr. Jürgen Großmann, CEO of RWE AG.
For the transmission, you will need the free Real Player or the Windows Media Player.