RWE : H1 2020 Pre-release of power generation and capacity data

July 23, 2020 at 09:25 am EDT

H1 2020 power generation and capacity data

23 July 2020

RWE's electricity generation capacity

PREVIEW

Pro rata view		Renewables	Pumped storage/	Gas		Lignite4	Hard coal	Nuclear	Total5
				batteries
MW	30 June	2020	2019	2020	2019	2020		2019	2020	2019	2020	2019	2020	2019	2020	2019
Offshore Wind		2,463	1,100	-	-	-		-	-	-	-	-	-	-	2,463	1,100
Onshore Wind / Solar		6,416	1,971	30	-	-		-	-	-	-	-	-	-	6,446	1,971
Hydro / Biomass / Gas		1,364	888	2,336	2,336	13,699		13,317	-	-	1,446	3,493	-	-	19,137	20,377
of which			-		-			-		-		-		-		-
Germany1		411	416	2,336	2,336	3,767		3,767	-	-	-	-	-	-	6,553	6,558
United Kingdom		137	137	-	-	7,058		6,676	-	-	-	1,560	-	-	7,449	8,678
Netherlands/Belgium		744	263	-	-	2,323		2,323	-	-	1,446	1,933	-	-	4,513	4,519
Turkey		-	-	-	-	551		551	-	-	-	-	-	-	551	551
Coal / Nuclear2		7	7	-	-	400		400	10,255	10,255	2,341	2,341	2,770	2,281	15,800	15,311
RWE Group3		10,250	3,966	2,368	2,338	14,099		13,717	10,255	10,255	3,787	5,834	2,770	2,281	43,848	38,761

Including generation capacity not owned by RWE that we can deploy at our discretion on the basis of long-term use agreements. As of the end of June 2020 it amounted to a net 2,203 MW (30 Jun 2019: 2,203 MW).
Including generation capacity not owned by RWE that we can deploy at our discretion on the basis of long-term use agreements. As of the end of June 2020 it amounted to a net 783 MW (30 Jun 2019: 783 MW).
Including minor battery capacity in the Supply & Trading Division.
Lignite capacity includes 1,448 MW of security reserve as of 30 Jun 2020.
Including minor 'other' generation technologies (e.g. oil-fired power plants).

Note: Renewables capacity incl. batteries amounts to 10,289 MW as of 30 Jun 2020.

Accounting view		Renewables	Pumped storage/	Gas		Lignite4	Hard coal	Nuclear	Total5
				batteries
MW	30 June	2020	2019	2020	2019	2020		2019	2020	2019	2020	2019	2020	2019	2020	2019
Offshore Wind		1,918	925	-		-	-		-	-		-	-	-	-	-	1,918	925
Onshore Wind / Solar		6,194	2,162	20		-	-		-	-		-	-	-	-	-	6,214	2,162
Hydro / Biomass / Gas		1,390	914	2,336		2,336	13,935		13,553	-		-	1,446	3,493	-	-	19,400	20,640
of which			-			-			-			-		-		-		-
Germany1		436	441	2,336		2,336	3,767		3,767	-		-	-	-	-	-	6,578	6,583
United Kingdom		137	137	-		-	7,058		6,676	-		-	-	1,560	-	-	7,449	8,678
Netherlands/Belgium		744	263	-		-	2,323		2,323	-		-	1,446	1,933	-	-	4,513	4,519
Turkey		-	-	-		-	787		787	-		-	-	-	-	-	787	787
Coal / Nuclear2		7	7	-	-	400		400	10,255	10,255	2,341	2,341	2,770	2,770	15,800	15,800
RWE Group3		9,510	4,009	2,358	2,338	14,335		13,953	10,255	10,255	3,787	5,834	2,770	2,770	43,334	39,529

Including generation capacity not owned by RWE that we can deploy at our discretion on the basis of long-term use agreements. As of the end of June 2020 it amounted to a net 2,203 MW (30 Jun 2019: 2,203 MW).
Including generation capacity not owned by RWE that we can deploy at our discretion on the basis of long-term use agreements. As of the end of June 2020 it amounted to a net 783 MW (30 Jun 2019: 783 MW).
Including minor battery capacity in the Supply & Trading Division.
Lignite capacity includes 1,448 MW of security reserve as of 30 Jun 2020.
Including minor 'other' generation technologies (e.g. oil-fired power plants).

Note: Renewables capacity incl. batteries amounts to 9,539 MW as of 30 Jun 2020.

Rounding differences may occur.

RWE's renewables installed capacity

PREVIEW

Pro rata view

		Offshore wind	Onshore wind	Solar		Hydro	Biomass	Total
MW	30 June	2020	2019	2020	2019	2020	2019		2020	2019	2020	2019	2020	2019

Germany		851	340	582	544	3		2	410	410	1	6	1,846	1,301
United Kingdom		1,436	673	657	391	-		-	82	82	55	55	2,230	1,202
Netherlands		-	-	294	295	-		-	11	11	733	252	1,038	558
Poland		-	-	369	226	1		1	-	-	-	-	370	227
Spain		-	-	443	443	7		7	10	10	-	-	459	459
Italy		-	-	442	57	-		-	-	-	-	-	442	57
USA		-	-	3,378	-	127		-	-	-	-	-	3,505	-
Other countries		176	87	121	13	-		-	61	61	-	-	358	161
Renewables RWE Group	2,463		1,100	6,286	1,969	137		9	575	575	789	313	10,250	3,966

Accounting view

		Offshore wind	Onshore wind	Solar		Hydro	Biomass	Total
MW	30 June	2020	2019	2020	2019	2020	2019		2020	2019	2020	2019	2020	2019

Germany		598	295	666	628	3		2	435	435	1	6	1,702	1,365
United Kingdom		1,272	630	706	456	-		-	82	82	55	55	2,116	1,223
Netherlands		-	-	294	295	-		-	11	11	733	252	1,038	558
Poland		-	-	385	242	1		1	-	-	-	-	386	242
Spain		-	-	447	447	-		-	12	12	-	-	459	459
Italy		-	-	475	90	-		-	-	-	-	-	475	90
USA		-	-	2,975	-	125		-	-	-	-	-	3,100	-
Other countries		48	-	126	10	-		-	61	61	-	-	235	71
Renewables RWE Group	1,918		925	6,073	2,167	128		2	601	601	789	313	9,510	4,009

Rounding differences may occur.

RWE's pro formarenewables installed capacity1

PREVIEW

Pro rata view

		Offshore wind	Onshore wind	Solar	Hydro	Biomass	Total
MW	30 June	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019

Germany		851	851	582	582	3	2	410	410	1	6	1,846	1,850
United Kingdom		1,436	1,436	657	657	-	-	82	82	55	55	2,230	2,230
Netherlands		-	-	294	295	-	-	11	11	733	252	1,038	558
Poland		-	-	369	369	1	1	-	-	-	-	370	370
Spain		-	-	443	443	7	7	10	10	-	-	459	459
Italy		-	-	442	385	-	-	-	-	-	-	442	385
USA		-	-	3,378	3,227	127	17	-	-	-	-	3,505	3,244
Other countries		176	176	121	121	-	-	61	61	-	-	358	359
Renewables RWE Group	2,463		2,463	6,286	6,078	137	26	575	575	789	313	10,250	9,455

Accounting view

		Offshore wind	Onshore wind	Solar	Hydro	Biomass	Total
MW	30 June	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019

Germany		598	598	666	666	3	2	435	435	1	6	1,702	1,706
United Kingdom		1,272	1,272	706	706	-	-	82	82	55	55	2,116	2,116
Netherlands		-	-	294	295	-	-	11	11	733	252	1,038	558
Poland		-	-	385	385	1	1	-	-	-	-	386	386
Spain		-	-	447	447	-	-	12	12	-	-	459	459
Italy		-	-	475	418	-	-	-	-	-	-	475	418
USA		-	-	2,975	2,824	125	15	-	-	-	-	3,100	2,839
Other countries		48	48	126	126	-	-	61	61	-	-	235	235
Renewables RWE Group	1,918		1,918	6,073	5,866	128	17	601	601	789	313	9,510	8,715

Rounding differences may occur.

1 Includes renewables operations acquired from E.ON as of 1 January 2019.

Portfolio changes for Wind/Solar in H1 2020 versus 31 Dec 2019

PREVIEW

TRANSACTION

NET CAPACITY

RWE's LEGAL

PRO RATA VIEW

ACCOUNTING

SUPPORT

PROJECT NAME

COUTNRY

CONSOLIDATION STAKE

TREATMENT1

REGIME

EXPIRY

TYPE

DATE

Offshore

Onshore

152

Peyton Creek

commissioned

Mar 20

151.2

100%

151.2

100%

151.2

REC/PTC

2030

Spijk

decommissioned

Jun-20

0.85

100%

0.85

100%

0.85

Merchant

n.a.

Solar

Storage

1 Details on accounting treatment, please see in the appendix.

Rounding differences may occur.

RWE's electricity generation H1

January - June (H1 2020)

PREVIEW

Accounting view

	Renewables	Pumped storage/	Gas	Lignite		Hard coal		Nuclear	Other		Total
			batteries
Billion kWh	2020	2019	2020	2019	2020		2019	2020	2019	2020		2019	2020	2019	2020	2019	2020	2019
Offshore Wind	3.7	1.4															3.7	1.4
Onshore Wind / Solar	8.9	2.5															8.9	2.5
Hydro / Biomass / Gas	2.8	2.0	1.0	0.9	21.1		24.7			1.5		5.7			0.1		26.5	33.3
of which
Germany1	1.0	1.2	1.0	0.9	4.3		3.0								0.1		6.4	5.1
United Kingdom	0.3	0.2			9.7		18.0					0.4					10.0	18.6
Netherlands/Belgium	1.5	0.6			5.4		2.9			1.5		5.3					8.4	8.8
Turkey					1.7		0.8										1.7	0.8
Coal / Nuclear					0.2			14.3	24.7	1.0		2.5	10.0	9.2	-0.1	0.1	25.4	36.5
of which
Germany2					0.2			14.3	24.7	1.0		2.5	9.5	8.7	-0.1	0.1	24.9	36.0
Netherlands/Belgium													0.5	0.5			0.5	0.5
RWE Group	15.4	5.9	1.0	0.9	21.3		24.7	14.3	24.7	2.5		8.2	10.0	9.2	0.0	0.1	64.5	73.7

Including electricity from power plants not owned by RWE that we can deploy at our discretion on the basis of long-term agreements. In H1 2020, this amounted to 1.1 billion kWh (H1 2019: 0.9 billion kWh).
Including electricity from power plants not owned by RWE that we can deploy at our discretion on the basis of long-term agreements. In H1 2020, this amounted to 0.3 billion kWh (H1 2019: 0.9 billion kWh).

Offshore Wind: Positive weather effect after low wind levels in 2019. Consolidation effect: assets acquired from E.ON included as of 18 Sep 2019
Onshore Wind / Solar: Commissioning of new generation capacity, mainly in the UK. Consolidation effect: assets acquired from E.ON included as of 18. Sep 2019
Renewables Netherlands: Conversion of Amer and Eemshaven hard coal plants to biomass co-firing (H1 2020 realised biomass co-firing compared to coal: 66% co-firing at Amer and 30% at Eemshaven)
Gas Germany: Market price driven higher generation volumes as well as higher availability
Gas UK: Less demand in the early part of 2020 due to warm and windy weather and Covid-19 impact thereafter
Gas Netherlands: Higher gas production due to demothballing Claus C (1304 MW); disposal of Inesco (130 MW, Q1 2019)
Lignite: Market price driven lower generation volumes despite positive effect from updated production plan after clarity regarding lignite phase out. Transfer of Neurath C (292 MW) to the lignite reserve in Q4 2019
Hard coal Germany: mainly market price driven lower generation volumes; decommissioning of Gersteinwerk K2 (614 MW) as of 29 March 2019
Hard coal UK: Decommissioning of Aberthaw plant as of mid December 2019 (1,560 MW)
Hard coal Netherlands: lower production at Eemshaven due to market price based lower commercial dispatch; conversion of Amer and Eemshaven hard coal plant to biomass co-firing (see above) Rounding differences may occur.

RWE's electricity generation Q2

April - June (Q2 2020)

PREVIEW

Accounting view

	Renewables	Pumped storage/	Gas	Lignite		Hard coal		Nuclear	Other		Total
			batteries
Billion kWh	2020	2019	2020	2019	2020		2019	2020	2019	2020		2019	2020	2019	2020	2019	2020	2019
Offshore Wind	1.2	0.6															1.2	0.6
Onshore Wind / Solar	3.8	0.9															3.8	0.9
Hydro / Biomass / Gas	1.2	1.0	0.5	0.3	9.5		12.1			0.3		2.3					11.5	15.7
of which																	-	-
Germany1	0.4	0.5	0.5	0.3	2.4		1.3										3.3	2.1
United Kingdom	0.1	0.1			3.6		8.8					0.0					3.7	8.9
Netherlands/Belgium	0.7	0.4			2.8		1.4			0.3		2.3					3.8	4.1
Turkey					0.7		0.6										0.7	0.6
Coal / Nuclear					0.1			5.7	11.2	0.2		0.5	4.4	3.3	0.1	0.1	10.5	15.1
of which																	-	-
Germany2					0.1			5.7	11.2	0.2		0.5	4.2	3.1	0.1	0.1	10.3	14.9
Netherlands/Belgium													0.2	0.2			0.2	0.2
RWE Group	6.2	2.5	0.5	0.3	9.6		12.1	5.7	11.2	0.5		2.8	4.4	3.3	0.1	0.1	27.0	32.3

Including electricity from power plants not owned by RWE that we can deploy at our discretion on the basis of long-term agreements. In Q2 2020, this amounted to
Including electricity from power plants not owned by RWE that we can deploy at our discretion on the basis of long-term agreements. In Q2 2020, this amounted to

billion kWh (Q2 2019: 0.4 billion kWh).

billion kWh (Q2 2019: 0.3 billion kWh).

Offshore Wind: Consolidation effect: assets acquired from E.ON included as of 18 Sep 2019
Onshore Wind / Solar: Commissioning of new generation capacity; negative wind effects in Europe and the US; Consolidation effect: assets acquired from E.ON included as of 18. Sep 2019
Renewables Netherlands: Conversion of Amer and Eemshaven hard coal plants to biomass co-firing (Q2 2020 realised biomass co-firing compared to coal: 74% co-firing at Amer and 43% at Eemshaven)
Gas Germany: Market price driven higher generation volumes as well as higher availability
Gas UK: Less demand in Q2 2020 due to Covid-19 impact
Gas Netherlands: Higher gas production due to demothballing Claus C (1,304 MW)
Lignite: Market price driven lower generation volumes despite positive effect from updated production plan after clarity regarding lignite phase out. Transfer of Neurath C (292 MW) to the lignite reserve in Q4 2019
Hard coal Germany: mainly market price driven lower generation volumes
Hard coal Netherlands: lower production at Eemshaven due to market price based lower commercial dispatch; conversion of Amer and Eemshaven hard coal plant to biomass co-firing (see above) Rounding differences may occur.

RWE's renewables electricity generation1

January - June (H1 2020)

PREVIEW

Pro rata view

Billion kWh	Offshore	Onshore	Solar	Hydro	Biomass	Total
	wind	wind
Jan - Jun (H1)	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019

Germany	1.5	0.4	0.6	0.5	0.0	0.0	0.8	0.8	-	0.0	2.9	1.8
United Kingdom	2.9	1.2	1.2	0.5	-	-	0.2	0.2	0.2	0.2	4.5	2.0
Netherlands	-	-	0.4	0.4	-	-	-	-	1.5	0.5	1.9	0.9
Poland	-	-	0.5	0.3	0.0	0.0	-	-	-	-	0.5	0.3
Spain	-	-	0.4	0.6	0.0	0.0	0.0	0.0	-	-	0.4	0.6
Italy	-	-	0.5	0.1	-	-	-	-	-	-	0.5	0.1
USA	-	-	5.5	-	0.2	-	-	-	-	-	5.7	-
Other countries	0.3	0.1	0.2	0.0	0.0	-	0.1	0.1	-	-	0.7	0.2
Renewables RWE Group	4.8	1.7	9.3	2.3	0.2	0.0	1.1	1.1	1.7	0.7	17.1	5.9

Accounting view

Billion kWh	Offshore	Onshore	Solar	Hydro	Biomass	Total
	wind	wind
Jan - Jun (H1)	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019

Germany	1.1	0.4	0.7	0.6	0.0	0.0	0.8	0.9	-	0.0	2.6	2.0
United Kingdom	2.5	1.0	1.2	0.5	-	-	0.2	0.2	0.2	0.2	4.0	1.9
Netherlands	-	-	0.4	0.4	-	-	-	-	1.5	0.5	1.9	0.9
Poland	-	-	0.6	0.3	0.0	0.0	-	-	-	-	0.6	0.3
Spain	-	-	0.4	0.6	-	-	0.0	0.0	-	-	0.4	0.6
Italy	-	-	0.5	0.1	-	-	-	-	-	-	0.5	0.1
USA	-	-	4.8	-	0.2	-	-	-	-	-	5.0	-
Other countries	0.1	-	0.2	0.0	0.0	-	0.1	0.1	-	-	0.5	0.1
Renewables RWE Group	3.7	1.4	8.7	2.5	0.2	0.0	1.2	1.2	1.7	0.7	15.5	5.9

Rounding differences may occur.

1 Includes renewables operations acquired from E.ON as of Closing I (18 Sep 2019).

RWE's renewables electricity generation1 Q2

April - June (Q2 2020)

PREVIEW

Pro rata view

Billion kWh	Offshore	Onshore	Solar	Hydro	Biomass	Total
	wind	wind
Apr - Jun (Q2)	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019

Germany	0.5	0.2	0.2	0.2	0.0	0.0	0.2	0.2	-	0.0	0.9	0.6
United Kingdom	1.0	0.5	0.4	0.2	-	-	0.1	0.1	0.1	0.1	1.6	0.9
Netherlands	-	-	0.1	0.1	-	-	-	-	0.7	0.3	0.8	0.4
Poland	-	-	0.2	0.1	0.0	0.0	-	-	-	-	0.2	0.1
Spain	-	-	0.2	0.3	0.0	0.0	0.0	0.0	-	-	0.2	0.3
Italy	-	-	0.2	0.0	-	-	-	-	-	-	0.2	0.0
USA	-	-	2.7	-	0.1	-	-	-	-	-	2.8	-
Other countries	0.1	0.0	0.1	0.0	0.0	-	0.0	0.0	-	-	0.3	0.1
Renewables RWE Group	1.7	0.7	4.0	0.9	0.1	0.0	0.4	0.4	0.8	0.4	7.0	2.4

Accounting view

Billion kWh	Offshore	Onshore	Solar	Hydro	Biomass	Total
	wind	wind
Apr - Jun (Q2)	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019

Germany	0.4	0.2	0.2	0.2	0.0	0.0	0.2	0.3	-0.0	0.0	0.8	0.7
United Kingdom	0.8	0.4	0.4	0.2	-	-	0.1	0.1	0.1	0.1	1.4	0.8
Netherlands	-	-	0.1	0.1	-	-	-	-	0.7	0.3	0.8	0.4
Poland	-	-	0.2	0.1	-0.0	0.0	-	-	-	-	0.2	0.1
Spain	-	-	0.2	0.3	-	-	0.0	0.0	-	-	0.2	0.3
Italy	-	-	0.2	0.0	-	-	-	-	-	-	0.2	0.0
USA	-	-	2.4	-	0.1	-	-	-	-	-	2.5	-
Other countries	0.0	-	0.1	0.0	0.0	-	0.1	0.1	-	-	0.2	0.1
Renewables RWE Group	1.2	0.6	3.7	1.0	0.1	0.0	0.4	0.5	0.8	0.4	6.3	2.4

Rounding differences may occur.

1 Includes renewables operations acquired from E.ON as of Closing I (18 Sep 2019).

RWE's pro forma1 renewables electricity generation

January - June (H1 2020)

PREVIEW

Pro rata view

Billion kWh	Offshore	Onshore	Solar	Hydro	Biomass	Total
	wind	wind
Jan - Jun (H1)	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019

Germany	1.5	1.4	0.6	0.5	0.0	0.0	0.8	0.8	-	0.0	2.9	2.8
United Kingdom	2.9	2.4	1.2	0.8	-	-	0.2	0.2	0.2	0.2	4.5	3.6
Netherlands	-	-	0.4	0.4	-	-	-	-	1.5	0.5	1.9	0.9
Poland	-	-	0.5	0.5	0.0	0.0	-	-	-	-	0.5	0.5
Spain	-	-	0.4	0.6	0.0	0.0	0.0	0.0	-	-	0.4	0.6
Italy	-	-	0.5	0.4	-	-	-	-	-	-	0.5	0.4
USA	-	-	5.5	5.3	0.2	0.0	-	-	-	-	5.7	5.3
Other countries	0.3	0.3	0.2	0.2	0.0	-	0.1	0.1	-	-	0.7	0.6
Renewables RWE Group	4.8	4.1	9.3	8.7	0.2	0.0	1.1	1.1	1.7	0.7	17.1	14.6

Accounting View

Billion kWh	Offshore	Onshore	Solar	Hydro	Biomass	Total
	wind	wind
Jan - Jun (H1)	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019

Germany	1.1	1.0	0.7	0.6	0.0	0.0	0.8	0.9	-	0.0	2.6	2.6
United Kingdom	2.5	2.0	1.2	0.8	-	-	0.2	0.2	0.2	0.2	4.0	3.2
Netherlands	-	-	0.4	0.4	-	-	-	-	1.5	0.5	1.9	0.9
Poland	-	-	0.6	0.5	0.0	0.0	-	-	-	-	0.6	0.5
Spain	-	-	0.4	0.6	-	-	0.0	0.0	-	-	0.4	0.6
Italy	-	-	0.5	0.5	-	-	-	-	-	-	0.5	0.5
USA	-	-	4.8	4.6	0.2	0.0	-	-	-	-	5.0	4.6
Other countries	0.1	0.1	0.2	0.2	0.0	-	0.1	0.1	-	-	0.5	0.4
Renewables RWE Group	3.7	3.1	8.7	8.2	0.2	0.0	1.2	1.2	1.7	0.7	15.5	13.2

Rounding differences may occur.

1 Pro forma: Includes renewables operations acquired from E.ON as of 1 January 2019.

RWE's pro forma1 renewables electricity generation Q2

April - June (Q2 2020)

PREVIEW

Pro rata view

Billion kWh	Offshore	Onshore	Solar	Hydro	Biomass	Total
	wind	wind
Apr - Jun (Q2)	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019

Germany	0.5	0.6	0.2	0.2	0.0		0.0	0.2	0.2	-	0.0	0.9	1.0
United Kingdom	1.0	1.0	0.4	0.3	-		-	0.1	0.1	0.1	0.1	1.6	1.5
Netherlands	-	-	0.1	0.1	-		-	-	-	0.7	0.3	0.8	0.4
Poland	-	-	0.2	0.2	0.0		0.0	-	-	-	-	0.2	0.2
Spain	-	-	0.2	0.3	0.0		0.0	0.0	0.0	-	-	0.2	0.3
Italy	-	-	0.2	0.2	-		-	-	-	-	-	0.2	0.2
USA	-	-	2.7	2.6	0.1		0.0	-	-	-	-	2.8	2.6
Other countries	0.1	0.1	0.1	0.1	0.0	-	0.0	0.0	-	-	0.3	0.2
Renewables RWE Group	1.7	1.7	4.0	3.9	0.1	0.0	0.4	0.4	0.8	0.4	7.0	6.5

Accounting View

Billion kWh	Offshore	Onshore	Solar	Hydro	Biomass	Total
	wind	wind
Apr - Jun (Q2)	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019

Germany	0.4	0.5	0.2	0.2	0.0		0.0	0.2	0.3	0.0	0.0	0.8	1.0
United Kingdom	0.8	0.8	0.4	0.3	-		-	0.1	0.1	0.1	0.1	1.4	1.3
Netherlands	-	-	0.1	0.1	-		-	-	-	0.7	0.3	0.8	0.4
Poland	-	-	0.2	0.2	0.0		0.0	-	-	-	-	0.2	0.2
Spain	-	-	0.2	0.3	-		-	0.0	0.0	-	-	0.2	0.3
Italy	-	-	0.2	0.2	-		-	-	-	-	-	0.2	0.2
USA	-	-	2.4	2.3	0.1		0.0	-	-	-	-	2.5	2.3
Other countries	0.0	-0.0	0.1	0.1	0.0	-	0.1	0.1	-	-	0.2	0.1
Renewables RWE Group	1.2	1.3	3.7	3.6	0.1	0.0	0.4	0.5	0.8	0.4	6.3	5.8

Rounding differences may occur.

1 Pro forma: Includes renewables operations acquired from E.ON as of 1 January 2019.

APPENDIX

Accounting treatment1 of renewable assets

	Model 1	Model 2	Model 3a	Model 3b	Model 4
	Included in the consolidated financial statements	Equity method	Joint operations	Other investments

RWE share of project2	100%	>50%, < 100%	>20%, = < 50%	>20%. = < 50%	>0% - 20%
Capacity view
Pro rata MW	100%	pro rata	pro rata	pro rata	pro rata
Accounting MW	100%	100%	n/a	pro rata	n/a
Profit and loss statement
Contribution to EBITDA	100%	100%	0%	pro rata	0%
Contribution to depreciation	100%	100%	0%	pro rata	0%
Contribution to EBIT	100%	100%	0%	pro rata	0%
Contribution to at equity income in EBIT/DA	n/a	n/a	pro rata	n/a	n/a
Contribution to income other investments in EBIT/DA	n/a	n/a	n/a	n/a	pro rata
Minorities	n/a	(100% - RWE share)	n/a	n/a	n/a
Cash flow statement
Consideration in operating cash flow	100%	100%	pro rata3	pro rata	pro rata3
Consideration in investing cash flow	100%	100%	pro rata4	pro rata	pro rata4
Consideration in financing cash flow5	n/a	(100% - RWE share)	n/a	n/a	n/a
Balance sheet assets
Consolidated assets	100%	100%	n/a	pro rata	n/a
Equity investments	n/a	n/a	pro rata	n/a	n/a
Other investments	n/a	n/a	n/a	n/a	pro rata

Accounting treatment refers to list of shareholding tables in RWE's annual report.
RWE's share of project corresponds to the voting rights and no adverse provisions in shareholders agreement are agreed, which would influence RWE's ability to control that company.
Dividend.
Capital & shareholder loan increase/decrease.
Disregarding any financing structure (e.g. tax equity, project financing etc.).

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RWE AG published this content on 23 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2020 13:25:11 UTC

Real-time Estimate Tradegate Other stock markets 03:56:03 2024-04-26 am EDT			5-day change	1st Jan Change
32.46 ^EUR	+1.79%		-0.03%	-21.22%

08:32am	RWE AG(NEU) : Jefferies maintains a Buy rating	ZD
06:14am	Renewable energies covered 56 percent of electricity consumption	DP

RWE AG(NEU) : Jefferies maintains a Buy rating	02:32am	ZD
Renewable energies covered 56 percent of electricity consumption	12:14am	DP
Special committee meetings on nuclear phase-out decisions	Apr. 25	DP
After 'Cicero' report: CDU/CSU parliamentary group demands clarification on nuclear phase-out	Apr. 25	DP
RWE AG(NEU) : Goldman Sachs keeps its Buy rating	Apr. 25	ZD
RWE AG(NEU) : Deutsche Bank reaffirms its Buy rating	Apr. 25	ZD
RWE AG(NEU) : Barclays reiterates its Buy rating	Apr. 25	ZD
Hydrogen production using electricity to pick up speed - uncertainties remain	Apr. 24	DP
UK's Sunak hopes to deepen defence ties on trip to Germany	Apr. 23	RE
Europe's ability to survive a cold winter hasn't been tested, energy execs say	Apr. 23	RE
EU target for offshore wind energy still a long way off	Apr. 23	DP
News Highlights : Top Energy News of the Day - Tuesday at 7 AM ET	Apr. 23	DJ
News Highlights : Top Energy News of the Day - Tuesday at 4 AM ET	Apr. 23	DJ
News Highlights : Top Energy News of the Day - Tuesday at 12 AM ET	Apr. 23	DJ
Barclays rates RWE at 'Overweight' - Target 50 euros	Apr. 22	DP
RWE AG(NEU) : Jefferies reiterates its Buy rating	Apr. 22	ZD
RWE AG(NEU) : Barclays reiterates its Buy rating	Apr. 22	ZD
RWE very weak - Negative news from the USA	Apr. 22	DP
New York fails to reach contracts with 3 major offshore wind farms	Apr. 19	RE
Environmental organization BUND considers earlier coal phase-out possible	Apr. 19	DP
Goldman rates RWE a 'Buy' - Target 47 euros	Apr. 18	DP
RWE AG(NEU) : Receives a Buy rating from Goldman Sachs	Apr. 18	ZD
Uniper to help 'green' Deutsche Bahn's electricity supply	Apr. 17	RE
Conti slumps to early November level after figures	Apr. 17	DP
Climate-neutral natural gas?: Experts doubt the effectiveness of offsetting	Apr. 16	DP

	1st Jan change	Capi.
RWE AG	-21.22%	25.41B
ABU DHABI NATIONAL ENERGY COMPANY	-18.86%	88.15B
ACWA POWER COMPANY	+63.42%	81.88B
E.D.F.	-.--%	51.55B
NATIONAL GRID PLC	-0.43%	48.66B
SEMPRA	-3.68%	45.53B
EON SE	+2.47%	34.83B
PUBLIC SERVICE ENTERPRISE GROUP, INC.	+11.35%	33.95B
UNIPER SE	-14.21%	22.57B
VEOLIA ENVIRONNEMENT	+1.44%	22.14B

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