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RWE’s Nordsee Ost wind farm inaugurated

The 48-turbine Nordsee wind farm was officially inaugurated by the G7 energy ministers in Hamburg on Monday. The facility is capable of powering some 320,000 households.

Acquisition to strengthen RWE’s renewables position in Europe

RWE has announced its plan to acquire a European onshore wind and solar development platform from Nordex SE.

RWE’s Innogy to focus on power grid investment

RWE's newly-named renewables and power distribution subsidiary Innogy is ready to make heavy investments in its power grids, according to Chief Executive Peter Terium.

RWE’s Terium concedes failure to predict trends as loss posted

RWE's chief executive Peter Terium has admitted the group had been "unable to predict the continued decline in electricity forward prices and the €2.1bn in power plant impairments that we had to recognise as a result," after posting an overall annual group loss.

RWE’s Terium stands over decision to suspend dividend

The boss of Germany's largest power producer is defending the company's decision to scrap the group's annual dividend.

RWE stock buyback

German utility RWE has announced plans to buy back up to ten per cent of its capital stock. The group will seek shareholder approval in November to buy back 55m preference shares. It will also initiate a strategic re-orientation to focus its resources on expanding its energy business, but will retain its holdings in non-energy businesses, which it will hold as pure financial investments.

RWE in Lahmeyer purchase

German conglomerate RWE AG plans to buy all of the shares in its Lahmeyer AG engineering and electricity unit that it does not already own. The move is part of a broader reorganization at RWE which aims to strip out some of its many layers of management.

RWE increases stake:

German utility RWE Energie has increased its stake in Czech utility STA from 27.5 to 35 per cent. STA supplies electricity to consumers in the Prague region and central Bohemia. It has a 14 per cent share of the Czech electricity market.

RWE reports growth

RWE has issued its results for the first three quarters of the year with the company reporting that for its core utility activities operating profit rose 29 per cent.

RWE’s new wind farm to power 15,000 Polish customers

RWE has announced the commercial operation of its new wind energy farm in Poland to energise approximately15,000 households