Member access

4-Traders Homepage  >  Shares  >  Xetra  >  RWE AG    RWE   DE0007037129

RWE AG (RWE)

129
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

RWE AG : RWE to Invest Solely in Renewable Energy - Report

10/29/2013 | 12:42pm US/Eastern
Recommend:
0

German utility RWE AG (RWE.XE) is set to change its strategy and invest solely in renewable forms of power generation, newspaper Handelsblatt says in an article released ahead of publication Wednesday, citing an internal document.

RWE Chief Executive Peter Terium wants no further investments in fossil-fueled powered plants, according to the German daily. In 2020, conventional forms of power generation should contribute no more than one fifth of the operating result, according to Mr. Terium's plans, the article says. He also wants to develop new business models for decentralized power distribution, Handelsblatt reports.

An RWE spokeswoman declined to comment on the report.

Germany is phasing out nuclear power and replacing fossil fuels by renewable sources of energy like wind and solar power, a policy that raised prices for electricity.

Newspaper website: http://www.handelsblatt.com

-Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

Recommend :
0
React to this article
Latest news on RWE AG
4d ago SYMANTEC : Cyber Career Connection: NPower Partner Breakfast; YearUp Baltimore C..
5d ago RWE : Dea starts gas production from the Central Treatment Plant in the Egyptian..
6d agoDJEUROPE MARKETS : Ryanair Gains, STMicroelectronics Loses: European Movers
6d agoDJEUROPE MARKETS : Ryanair Gains, STMicroelectronics Loses: European Movers
6d ago RWE : Dea Starts Gas Production in Disouq Development Project
7d ago RWE : Keep warm this winter
08/26 RWE : files suit against Germany for closure of nuclear reactors
08/26 RWE : Dea starts gas production from Central Treatment Plant in Egyptian Nile De..
08/22 RWE : Npower chief blames high prices on Labour's threatened energy price freeze
08/22 RWE : Germany clears $6.9 billion RWE unit sale to Russian investor
Advertisement
Chart
Duration : Period :
RWE AG Technical Analysis Chart | RWE | DE0007037129 | 4-Traders
Income Statement Evolution
RWE AG : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF