Your settings for cookies and pixels on rwe.com

Select which cookies and pixels we are allowed to use. Please note that some cookies are necessary for technical reasons and must be enabled in order to maintain the functionality of our website. If you would like to benefit from every service on our website, please consider that you need to choose every cookie category. For more information, please refer to our Data Protection Information.

    • Maintain the stability of the website.
    • Save your log-in data.
    • Allow to improve the user experience.
    • They provide advertisements that are relevant to your interests.
    • They allow you to share interesting content directly with your social media network.

You can change your cookie and pixel settings on rwe.com at any time via our Data Protection Information.

Imprint

Show Details
Select all Confirm selection

RWE AG

Transaction with Nordex closed: RWE strengthens its market presence in France

RWE Image

 

  • Acquisition of 2.7 gigawatts project pipeline from Nordex successfully concluded
  • Strong foundation for further expansion of RWE’s renewables business in Europe
  • Nordex’ mostly France-based development team joining RWE Renewables
     

Essen, 3 November 2020

Dr. Markus Krebber, Chief Executive Officer at RWE AG (CEO)
”The successful closing of our transaction with Nordex gives us strong market presence in France, one of our target markets. Right from the start, we are well positioned with an experienced development team and an attractive project pipeline. This underlines our ambition to further strengthen our position among the world’s leading renewables companies.”

Markus Krebber, CFO of RWE AG

RWE and Nordex SE have successfully completed the process of acquisition of Nordex’ European onshore wind and solar development platform by RWE. This comprises a development pipeline of in total 2.7 Gigawatts (GW) in France, Spain, Sweden and Poland. With the acquisition, RWE strengthens its development platform in France with an overall pipeline of 1.9 GW in various project phases. 15% of the pipeline projects are close to final investment decisions (FID) or in late development stages; approx. 230 megawatts have secured Contracts for Difference (CfDs) or other feed-in tariffs. The two companies agreed on the sale at the end of July. The purchase price was around €400 million.

RWE Renewables now has a strong development base in France, with more than 70 employees from Nordex joining the company, based mostly in France. At RWE Renewables, they will develop further projects and work on executing RWE’s project pipeline: The acquisition represents a strategic pipeline enhancement for RWE and adds to its existing 22 GW development pipeline.

Anja-Isabel Dotzenrath, CEO of RWE Renewables, underlines: “We warmly welcome our new colleagues joining from Nordex. They have a strong track record in the development of renewables projects and many of them have worked together from the inception of the development pipeline. This significantly facilitates our market entry in France, a very attractive market for renewables in Europe, which aims to grow renewable energy considerably by 2030. The transaction supports our growth ambitions in France in the areas of offshore and onshore wind as well as large solar plants and battery storage.”

Downloads

RWE starts construction of a ground-mounted solar farm in Portugal

23.06.2022

Read more

RWE’s U.S. Hickory Park solar project with co-located storage facility in operation

23.06.2022

Read more

RWE and ArcelorMittal intend to jointly build and operate offshore wind farms and hydrogen facilities, for low-emissions steelmaking

22.06.2022

Read more