28 °C Singapore, SG
September 24, 2021
Latest News
MingYang Launches World’s Largest Offshore Hybrid Drive Wind Turbine RWE eyes Japanese floating offshore wind with Kansai Electric Power India expanding investments in renewables after 2020 decline Shipping power in batteries from offshore wind farms Blockchain for solar panel recycling in Japan Southeast Asia pins hopes on carbon capture to cut emissions Delivery Hero sustainability chief: we need to decouple ‘hyper’ business growth from carbon emissions In-depth Q&A: The IPCC’s sixth assessment report on climate science Distillery buys two biogas engines that will boost bioethanol production GE H-Class turbines help power plant operators with renewable energy transition GE Gas Turbine upgrade assists Keppel Infrastructure’s carbon abatement goals BlackRock Real Assets to back Korean offshore wind farm project CIP to sell minority stake in Taiwanese offshore wind cluster Nearly 76 Gigawatt-Hours of Battery Cells Produced in U.S.A 2010–2020 Melting tropical glaciers sound an early warning Enhanced cooperation on renewable energy transition between International Renewable Energy Agency and China Decarbonising industry is key to China’s net-zero strategy Carbon Brief’s China weekly digest. Rising seas could cost Asia’s biggest cities US$724 billion by 2030 Electric Vehicle Growth is Accelerating but its Given Rise to a New Social Faux Pas Southeast Asia PR industry launches working group to curb greenwashing Asia Pacific wind and solar spend to hit $1.3trn this decade How the next 5 years can buy us a decade to solve climate change G7 leaders urged to support SAF Uncrewed survey vehicles for offshore wind farm surveys Pathway to global climate catastrophe is clear Mohdi: India’s vision for a biofuels future EGAT to pilot flexibility in Thailand China Briefing, 3 June 2021: New climate ‘leaders group’; ‘Record-breaking’ electricity consumption; ‘Artificial sun’ Wärtsilä commissions first energy storage projects in the Philippines

RWE looking at renewables, hydrogen for future growth opportunities

S&P Global Market Intelligence ($):

It nonetheless owns certainly one of Europe’s largest coal energy fleets and ranks among the many continent’s greatest carbon emitters, however on RWE AG’s half-year earnings name, the main focus was squarely on renewable power. By its inexperienced energy unit, RWE Renewables GmbH, the corporate is chasing extra capability growth and portfolio acquisitions throughout applied sciences, CFO Markus Krebber informed analysts and journalists Aug. 13.

With a deliberate acquisition from Nordex SE, RWE will add 2.7 GW of onshore wind and photo voltaic belongings to its rising renewables growth pipeline. The deal contains largely French capability, at 1.9 GW, in addition to initiatives in Spain, Sweden and Poland.

RWE is concentrating on 13 GW of renewables by 2022, growing its footprint from 8.7 GW in 2019. A big slice of that development in Europe and the U.S. will come from offshore wind — a market wherein the corporate needs to be the worldwide quantity two, behind Ørsted A/S.

In Krebber’s eyes, investable renewables pipelines are set to turn into tougher to come back by as market curiosity in inexperienced energy grows, pushed partially by deep-pocketed fossil gas gamers like BP PLC, which not too long ago dedicated to a 50-GW capability goal for renewables by 2030. Capital deployment and capability targets within the renewables area will exceed the variety of obtainable initiatives within the coming years, Krebber stated. That is regardless of rising demand for clear energy and inexperienced hydrogen — the latter being underpinned by a 40-GW electrolysis goal for 2030 set by the European Fee — however the growing competitors will not be regarding, he added: “Moderately, it’s a affirmation of our chosen technique.”

Coverage frameworks for European and German hydrogen growth have buoyed RWE’s personal plans for the phase, which embrace each the provision of renewables for inexperienced hydrogen manufacturing and logistical and storage initiatives for the gas, which may very well be coupled with present gasoline infrastructure and buying and selling experience, Krebber stated.

“Hydrogen is the good hope for the decarbonization of the commercial sector. It has monumental potential for the power transition, and for RWE as properly,” the CFO stated. In June, the corporate introduced plans to provide metal maker Thyssenkrupp Metal Europe AG with inexperienced hydrogen for its furnaces, pending regulatory help on pipeline investments.

Extra ($): Largely spared by pandemic, RWE zooms in on renewables, hydrogen ambitions

Source

Leave a Reply

Your email address will not be published. Required fields are marked *