Search results for: rwe-ag

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  • 1 April 2016
    Business & Finance

    The new RWE AG’s subsidiary for renewables, grids and retail is scheduled to start operating today under a temporary name of RWE International SE, and is expected to generate annual revenues of around EUR 40 billion, the German power company said in a statement. The initial public offering of the new company’s shares is expected to take place by […]

  • 1 April 2016
    Business & Finance

    The new RWE AG’s subsidiary for renewables, grids and retail is scheduled to start operating today under a temporary name of RWE International SE, and is expected to generate annual revenues of around EUR 40 billion, the German power company said in a statement. The initial public offering of the new company’s shares is expected to take place by […]

  • 11 December 2015
    Business & Finance

    At its meeting today, the Supervisory Board of RWE AG unanimously approved the Executive Board’s plans to restructure the Group. The company will transfer its renewables, grid and retail operations in Germany and abroad to a new subsidiary, which it intends to list on the stock market towards the end of next year. RWE AG […]

  • 20 December 2017
    Business & Finance, Human Capital

    Peter Terium, Chief Executive Officer (CEO) of innogy SE, is leaving the company with immediate effect in agreement with the Supervisory Board.

  • 21 October 2016
    Business & Finance

    German energy company RWE AG has earned a total of EUR 2.6 billion through the recently launched initial public offering (IPO) of its renewable energy spin-off innogy SE. At the beginning of October, RWE had placed 70,707,000 innogy shares on the market from its holdings for approximately EUR 2.5 billion as part of the innogy IPO. […]

  • 5 March 2013

    Germany’s RWE AG today decided to withdraw from the exploration and production of crude oil and natural gas. Therefore, RWE intends to look at the options for disposing of all of its shares in RWE Dea AG. The planned disposal would be in line with RWE AG’s strategic repositioning. It would also take considerable pressure […]

  • 31 August 2011

    RWE AG said it hopes to sell import slots at the Dutch Gate liquefied natural gas terminal even as the facility prepares to receive its firs… [mappress] Source: bloomberg, September 1, 2011;

  • 23 September 2016
    Business & Finance

    RWE AG will put 55.6 million innogy SE shares with a price range from EUR 32 to EUR 36 per share to the market through the initial public offering (IPO) of its newly set up renewables business, thus valuing innogy SE to up to EUR 20 billion.  Back in late 2015, RWE said that, in connection with a […]

  • 8 January 2015
    Business & Finance

    Dry bulk transportation company Knightsbridge Shipping Limited has entered into a charter agreement with RWE Supply & Trading GmbH, a wholly owned subsidiary of European energy company RWE AG,  for 15 Capesize vessels. Under the contract, all 15 vessels have been chartered out on approximately five years. The vessels will be delivered over the coming five quarters […]

  • 1 December 2015
    Business & Finance, Operations & Maintenance, Storage

    German utility RWE will transfer its renewables, grids and retail operations at home and abroad to a new subsidiary and list it on the stock market probably in late 2016. RWE intends to offer some 10 percent of the new company’s share capital to the public in connection with a capital increase, with an option of […]

  • 5 March 2013

    Despite difficult market conditions, RWE AG had a good financial year in 2012. The energy company achieved an EBITDA of EUR 9.3 billion and an operating result of EUR 6.4 billion – both up 10% on the previous year and therefore higher than the outlook published in March 2012. Revenue increased to EUR 53.2 billion. […]

  • 19 July 2010

    RWE Dea, the gas and oil exploration and production unit of German utility RWE AG, said Monday it will jointly invest $9 billion in the development of two offshore gas fields in Egypt with project operator BP PLC (BP). The investment will be made for the development of the North Alexandria and West Mediterranean Deep […]

  • 2 March 2015

    The LetterOne Group and RWE AG today completed RWE’s sale of RWE Dea AG to LetterOne. In January, both parties had announced their plans to complete the transaction at the beginning of this month. The agreed value of the deal is around €5.1 billion based on current exchange rates. Due to exchange rate fluctuations, this is […]

  • 23 December 2011

    RWE and Gazprom decided by mutual agreement to terminate at the end of the year their exclusive talks on a potential joint venture for the construction and operation of power stations in Germany, the UK and the Netherlands. These talks had started in July this year and the parties agreed to explore potential cooperation possibilities […]

  • 11 August 2016
    Business & Finance

    German utility RWE Group produced 107.1 billion kilowatt hours (kWh) of electricity in the first six months of the current fiscal year, 5% more compared to the same period a year earlier, partly due to more electricity produced from renewables, with new wind farms playing a key role. Overall, RWE’s adjusted net income for the period amounted to […]

  • 6 October 2011

    After a series of constructive meetings during the past few weeks, RWE and Gazprom have agreed to continue their talks on a possible joint venture intensively. Alexey Miller, Gazprom Chairman of the Company’s Management Committee, and Jürgen Großmann, CEO of RWE AG, decided this on the occasion of a meeting in The Hague, Netherlands, at […]

  • 2 January 2013
    Business & Finance

    RWE Dea AG, an international exploration and production company for oil and gas, has announced the appointment of Dirk Warzecha as its Chief Operating Officer. Effective as of 1 January 2013, Dirk Warzecha assumed the function of Chief Operating Officer (COO) at RWE Dea AG. In this position, he is the successor to Ralf to […]

  • 9 November 2018

    Japanese utility Tokyo Gas signed a memorandum of understanding on mutual cooperation on LNG sourcing and trading with RWE Supply & Trading, the trading arm of the leading European utility RWE AG.

  • 8 March 2016
    Business & Finance

    The commissioning of new wind farms with a total generating capacity of some 1GW, including Nordsee Ost and Gwynt y Môr, had a considerably positive impact on 2015 financial results of RWE’s Renewables Division.  The unit posted an operating result of EUR 493 million, more than double the amount it marked the year before (EUR 186 million). On the other […]

  • 6 October 2011
    Business & Finance

    After a series of constructive meetings during the past few weeks, RWE and Gazprom have agreed to continue their talks on a possible joint venture. Alexey Miller, Chairman of the Gazprom Management Committee and Jurgen Grossmann, Chief Executive Officer of RWE AG agreed on this at a working meeting held at the beginning of this […]

  • 15 April 2014

    RWE AG, via its trading and gas midstream arm RWE Supply & Trading, is the first European supplier to commence gas deliveries to the Ukraine in 2014. Today, RWE re-starts deliveries to the state-owned company “Naftogaz of Ukraine” with gas from its pan-European portfolio. The gas flows via Poland to Ukraine. These supplies are governed […]

  • 25 July 2012
    Business & Finance, Storage

    German utility, RWE has delayed announcement regarding the investment decision for Innogy Nordsee wind farm in the North Sea, according to Handelsblatt. The major reason for the temporary freeze on investment is legal liability risks. The company has planned to start the “Innogy Nordsee 1“ project in the second half of this year, but that […]