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MarketScreener Homepage  >  Equities  >  Xetra  >  RWE AG    RWE   DE0007037129

RWE AG

(RWE)
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RWE : Evendorf and Krusemark – double success for RWE in German onshore wind auction

10/26/2020 | 09:25am EST

In the latest German auction for onshore wind energy, RWE won not one, but two bids. Evendorf wind farm, with an installed capacity of 11.7 megawatts (MW), was awarded by the German Federal Network Agency in the very competitive grid expansion area of Lower Saxony. The future wind park will be located next to the A7 motorway between Hanover and Hamburg. Three Nordex wind turbines with a capacity of 3.9 MW each will be installed.

In addition, an extra turbine for RWE's Krusemark repowering project in Saxony-Anhalt was awarded. During the course of this project, 15 old turbines will be dismantled and replaced by six 3.3-MW Nordex turbines. Five turbines were already successful in the auction in June. The sixth turbine received its permit, as expected, in August, making it eligible for the October auction. Planned installed capacity of Krusemark wind farm has thus been increased to 19.8 MW.

Katja Wünschel, COO Wind Onshore & Solar PV Europe & APAC of RWE Renewables: 'I am delighted that we were once again successful in a competitive market environment. With Evendorf and Krusemark we will be able to start two new projects in our home market. When complete, the two wind farms will add another 30 megawatts to our considerable German onshore portfolio.'

Tender for onshore wind energy with a bidding deadline of 1st October 2020:

According to the German Federal Network Agency, the tender volume was 825,527 kW and 89 bids were submitted with a volume of 768,950 kW. The tender for onshore wind energy with a bidding deadline of 1st October was almost exhausted. 74 bids with a bidding volume of 658,650 kW were awarded. The average, quantity-weighted award price was 6.11 ct/kWh.

RWE is expanding its onshore portfolio

RWE already operates onshore wind parks with a total installed capacity of approximately 600 MW in Germany. Currently, the company is constructing the Jüchen onshore wind farm (27 MW) in collaboration with NEW Re and the town of Jüchen. Six wind turbines are being installed on recultivated land, which was previously part of the Garzweiler opencast mine. Commissioning is planned for spring 2021. RWE is also continuously expanding its international onshore wind portfolio of more than 6 gigawatts (GW). In addition to the domestic market in Germany, the company is currently constructing onshore wind farms in the US, the Netherlands, Poland, Sweden, Italy and the UK.

Disclaimer

RWE AG published this content on 26 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2020 14:24:01 UTC


© Publicnow 2020
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Sales 2020 17 736 M 21 149 M 21 149 M
Net income 2020 1 025 M 1 222 M 1 222 M
Net Debt 2020 4 640 M 5 533 M 5 533 M
P/E ratio 2020 21,6x
Yield 2020 2,48%
Capitalization 23 282 M 27 727 M 27 762 M
EV / Sales 2020 1,57x
EV / Sales 2021 1,83x
Nbr of Employees 19 531
Free-Float 91,2%
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Last Close Price 34,43 €
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Rolf Martin Schmitz Chief Executive Officer
Werner Brandt Chairman-Supervisory Board
Markus Krebber Chief Financial Officer
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