RWE to invest €1 billion per year in renewables; founds new company

German utility RWE has announced the creation of a renewable energy company, RWE Innogy, which will be backed by at least €1 billion of investment per year.

RWE Innogy, headquartered in Essen, will start operating from February 2008, with an initial pool of 1500 megawatts (MW) of generating capacity. Organic growth, through the construction of renewables plants, will be the firm’s focus.

“Our goal is rapid expansion of power generation from renewable energy sources in Europe,” says Fritz Vahrenholt, head of RWE Innogy. “Our clear focus lies on both onshore and offshore wind power projects in Europe, but we will also grow in the field of hydropower

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here