We drive the energy transition – and set ourselves ambitious targets
With its four subsidiaries RWE Power, RWE Generation, RWE Supply & Trading and RWE Renewables – RWE AG is a leading player in the field of renewable energy. And it is clearly set for growth. It keeps pace with the times and is an important driver of the transformation towards the age of renewables. Change is part of RWE’s DNA. It is the prerequisite for remaining sustainable. Through innovation and investment, the new RWE is creating the foundation for a carbon neutral future.
RWE Renewables, the newest subsidiary of the RWE Group, is one of the world's leading renewable energy companies. With around 3,500 employees, the company has onshore and offshore wind farms, photovoltaic plants and battery storage facilities with a combined capacity of approximately 9 gigawatts. RWE Renewables is driving the expansion of renewable energy in more than 15 countries on four continents. For further growth a net investment budget of €5 billion is available until 2022. When adding in possible partnerships, the medium term investment budget could reach up to €9 billion. The focus is on the Americas, the core markets in Europe and the Asia-Pacific region.
With its highly efficient power plants in Germany, the UK and the Netherlands, approximately 3,000 employees at RWE Generation use gas, hard coal, hydro power and biomass to generate electricity. The company’s gas fleet is the third largest in Europe. Which is an excellent starting point, as gas is becoming increasingly important as a bridge to the age of renewables. The company banks on biomass, particularly in the Netherlands – and is converting two coalfired power stations so that they can use this CO2-neutral energy source. RWE also has hydro power plants in many core markets.
RWE Power AG, with headquarters in Essen and Cologne, Germany, is a company of the RWE Group. Its business is lignite-based and nuclear power generation. The Company employs about 11,000 people and operates three opencast lignite mines in the Rhineland area. Lignite production is predominantly used for electricity generation in the Company’s own power stations, but is also processed to make solid fuels and filter materials. In addition, RWE Power manages the operation, decommissioning and dismantling of RWE’s nuclear facilities. The Company’s power stations supply the grid with an overall capacity of around 13 gigawatts.
RWE Supply & Trading
RWE Supply & Trading provides the interface between RWE and energy markets around the globe. Around 1,600 employees from 40 countries trade electricity, gas, commodities and CO2 emission certificates. The trading company is also responsible for commercial asset optimisation at RWE, operates natural gas storage facilities and markets green electricity produced by RWE Renewables. In addition to physical and derivative commodities, the trading portfolio comprises emissions certificates, freight, weather derivatives and biomass. RWE Supply & Trading offers major industrial companies and trading partners trading-based portfolio management, long-term supply concepts and risk management solutions. In all our activities we actively support technological progress.
We will be carbon neutral by 2040, with clean, secure and affordable energy.