rwe
German utility RWE said that it plans to construct offshore wind farms with a total capacity of 1.6 gigawatts (GW) off the German North Sea coast. The Nordseecluster project will be implemented in two phases - Nordseecluster A and B. Nordseecluster A has a total capacity of 660 megawatts (MW). Manufacturing of some key components has already started. Construction at sea is scheduled to begin next year. By the beginning of 2027, all 44 wind turbines will be connected to the grid, the company said. Nordseecluster B is expected to add a further 900 MW of capacity. The 60 turbines are scheduled to...
DPA International
German energy giant RWE on Wednesday reported a decline in first-quarter adjusted net income, while confirming its outlook for 2024. Adjusted net income for the first quarter was €801 million ($867 million), down from €1.32 billion over the same period in 2023. Adjusted first-quarter earnings before interest, tax, depreciation and amortization (EBITDA) amounted to €1.71 billion, compared to €2.31 billion in the previous year. The company confirmed its outlook for 2024 and its target of paying a dividend of €1.10 per share for the current fiscal year. At its capital markets day in November 2023...
DPA International
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