In the autumn of 2019, RWE took over the renewable energy activities from E.ON. With the integration of innogy’s activities, the last step is taken. Innogy’s stake in the Austrian green energy company Kelag, a specialist in hydroelectric power, has also been transferred to RWE.
“The new RWE is a new, bigger and more diverse company, with a clear goal,” Rolf Martin Schmitz, CEO van RWE AG said. “By 2040, we will be carbon neutral. With a fleet of flexible and conventional power stations, which build a reliable bridge to the new energy era. And with energy trading operations with the expertise to seize opportunities on global energy markets.”
RWE ranks among the world’s largest producers of renewable energy. RWE plans net investments of approximately €5 billion in Europe, North America and Asia/Pacific, in order to enlarge its existing renewable energy portfolio to over 13 gigawatts. €1 billion of this sum is envisaged for projects in Germany. In the course of the takeover about 2,700 employees are transferring from innogy to RWE.