Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

RWE AG (RWE)

Real-time Quote. Real-time Tradegate - 09/29 06:58:55 pm
15.254 EUR   +2.14%
09/28 German nuclear commission warns of delay to waste storage deal
09/26 RWE : Executive Board and Supervisory Board committee determine pric..
09/23DJRWE's Innogy Renewables Unit Eyes $5.6 Billion Share Sale
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

RWE AG : Environment Minister : Germany Needs More Coal, Gas Power Plants

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/15/2012 | 02:42pm CEST

By Jan Hromadko

GREVENBROICH-NEURATH, Germany--German Environment Minister Peter Altmaier said Wednesday the country will need to build more coal- and gas-fired power plants in coming years to ensure energy supplies, even as Germany is pursuing one of the world's most ambitious climate protection strategies.

Speaking at the opening ceremony of a new lignite-fired power plant that utility RWE AG (RWE.XE) built west of Cologne, Altmaier said that Germany will require conventional fossil-fueled power plants for "decades to come" to complement unreliable and intermittent renewable energies such as wind and solar power.

By 2020, Germany wants to cover at least 35% of its electricity consumption via renewable energies and plans to raise this share to over 80% by 2050.

Renewable energies have been booming in Germany in recent years and the renewable electricity production has already exceeded 20% of overall production. But the government has repeatedly said that there needs to be adequate backup power generation capacity to ensure that consumers and, more crucially, industry can be supplied with energy around the clock.

He also said that new fossil-fueled power plants like the 2,200-megawatt facility that RWE built in western Germany are contributing to climate protection goals.

"If one builds a new state-of-the-art lignite power plant to replace several older and much less efficient plants, then I feel this should also be acknowledged as a contribution to our climate protection efforts," Mr. Altmaier said.

 
  Write to Jan Hromadko at jan.hromadko@dowjones.com 
 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on RWE AG
09/28 German nuclear commission warns of delay to waste storage deal
09/26 RWE : Executive Board and Supervisory Board committee determine price range and ..
09/26 DGAP-DD : Lechwerke AG english
09/26 DGAP-DD : Lechwerke AG deutsch
09/23DJRWE's Innogy Renewables Unit Eyes $5.6 Billion Share Sale
09/23DJRWE's Innogy Renewables Unit Eyes $5.6 Billion Share Sale
09/22 RWE AG : Ad-hoc-disclosure according to Art. 17 MAR – Executive Board and ..
09/22 RWE : Executive Board and Supervisory Board committee determine price range and ..
09/22 DGAP-ADHOC : RWE Aktiengesellschaft: Vorstand und Ausschuss des Aufsichtsrats le..
09/22 DGAP-ADHOC : RWE Aktiengesellschaft: Executive Board and Supervisory Board commi..
More news
Sector news : Multiline Utilities
09/28DJBank of England Re-Enters the Corporate Debt Market
09/28DJHAYDALE GRAPHENE INDUSTRIES : Gets GBP310,000 Contract Extension
09/28 German nuclear commission warns of delay to waste storage deal
09/28 UK's Ofgem tells bidders for National Grid gas networks earnings not guarante..
09/28 E D F : EDF board confirms approval for Hinkley Point decision
More sector news : Multiline Utilities
News from SeekingAlpha
08/11 RWE (RWEOY) Q2 2016 Results - Earnings Call Transcript
08/11 RWE AG reports 1H earnings
08/11 RWE AG ADR 2016 Q2 - Results - Earnings Call Slides
05/12 RWE (RWEOY) Q1 2016 Results - Earnings Call Transcript
05/12 RWE AG ADR reports Q1 results
Advertisement
Financials (€)
Sales 2016 46 440 M
EBIT 2016 2 990 M
Net income 2016 620 M
Debt 2016 10 822 M
Yield 2016 2,28%
P/E ratio 2016 14,54
P/E ratio 2017 13,13
EV / Sales 2016 0,43x
EV / Sales 2017 0,42x
Capitalization 9 027 M
More Financials
Chart RWE AG
Duration : Period :
RWE AG Technical Analysis Chart | RWE | DE0007037129 | 4-Traders
Full-screen chart
Technical analysis trends RWE AG
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 14,3 €
Spread / Average Target -4,2%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Peter Terium Chief Executive Officer
Werner Brandt Chairman-Supervisory Board
Rolf Martin Schmitz Chief Operating Officer
Bernhard Günther Chief Financial Officer
Frank-Detlef Drake VP, Head-Corporate Research & Development
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
RWE AG24.08%10 134
NATIONAL GRID PLC16.80%53 661
ENGIE S.A.-17.06%37 484
SEMPRA ENERGY15.57%27 141
E.D.F.-20.26%24 467
PPL CORP2.87%23 808
More Results