Latest news with #RWEAG
Bloomberg
21-05-2025
- Business
- Bloomberg
Powering AI: Energy Leaders on Meeting Rising Demand
Markus Krebber, CEO, RWE AG and Julian Nebreda, President & CEO, Fluence Energy discuss responding to the rising power demands of artificial intelligence and the future of sustainable energy with Bloomberg's Francine Lacqua at the 2025 Qatar Economic Forum, Powered by Bloomberg. (Source: Bloomberg)
Bloomberg
21-05-2025
- Business
- Bloomberg
RWE CEO Could Double US Projects With More Policy Certainty
German energy company RWE AG said it could double its planned investment projects in the US, if there was greater policy certainty. RWE is one of the biggest renewable energy companies in the US since completing its acquisition of Con Edison in 2023. Two months ago, the firm said it would cut €10 billion ($11.4 billion) from its planned investment in green technologies by the end of the decade as projects face higher risks, particularly in the US. The company is currently building 5 gigawatts of capacity in the US.
Bloomberg
08-05-2025
- Business
- Bloomberg
UK's Crown Estate Backs More Wind Turbines at Offshore Sites
King Charles III's Crown Estate has given the green light to developers to build higher-density wind farms on existing seabed leases as it seeks a quick, space-efficient way to bolster capacity. The announcement from the Crown Estate, which owns the UK's seabed, means that seven projects including RWE AG's Rampion 2, as well as SSE Plc's and Equinor ASA's Dogger Bank D, will be able to boost capacity by 4.7 gigawatts. This comes as the UK seeks to increase its wind capacity from 15 gigawatts to about 50 gigawatts.
Bloomberg
31-03-2025
- Business
- Bloomberg
RWE to Sell 49% Stake in Two Offshore Projects to Norway Fund
German energy company RWE AG signed an agreement with Norges Bank Investment Management for the latter to acquire a 49% stake in two North Sea wind projects. NBIM will buy the stakes in RWE's Nordseecluster and Thor offshore wind projects for approximately €1.4 billion, according to a statement. The transaction is subject to customary approvals and is expected to be completed by the beginning of the third quarter of 2025.
Bloomberg
24-03-2025
- Business
- Bloomberg
Elliott Urges RWE to Boost Buybacks After Building 5% Stake
Elliott Investment Management LP called on RWE AG to ramp up buybacks after amassing a stake of close to 5% in the German utility. 'We share the market's disappointment with the lack of clarity regarding the company's commitment to enhance shareholder returns,' Elliott said in a statement. 'There is a compelling opportunity to significantly increase and accelerate the ongoing share buyback program.'
