RWE : Q1-Q3 2020 Pre-release of power generation and capacity data

October 23, 2020 at 10:15 am EDT

Q1- Q3 2020 power generation and capacity data

23 October 2020

RWE's electricity generation capacity

PREVIEW

Pro rata view		Renewables	Pumped storage/	Gas		Lignite4	Hard coal	Nuclear	Total5
				batteries
MW	30 Sep	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		6,729	1,971	30	-	-		-	-	-	-	-	-	-	6,759	1,971
Hydro / Biomass / Gas		1,364	1,122	2,336	2,336	13,699		13,317	-	-	1,474	3,259	-	-	19,165	20,377
of which			-		-			-		-		-		-		-
Germany1		407	416	2,336	2,336	3,767		3,767	-	-	-	-	-	-	6,549	6,558
United Kingdom		137	137	-	-	7,058		6,676	-	-	-	1,560	-	-	7,449	8,678
Netherlands/Belgium		748	497	-	-	2,323		2,323	-	-	1,474	1,699	-	-	4,545	4,519
Turkey		-	-	-	-	551		551	-	-	-	-	-	-	551	551
Coal / Nuclear2		7	7	-	-	400		400	8,807	8,807	2,341	2,341	2,770	2,281	14,352	13,863
RWE Group3		10,563	4,200	2,368	2,338	14,099		13,717	8,807	8,807	3,815	5,600	2,770	2,281	42,741	37,313

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 September 2020 it amounted to a net 2,203 MW (30 Sep 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 September 2020 it amounted to a net 783 MW (30 Sep 2019: 783 MW).
Including minor battery capacity in the Supply & Trading Division.
Lignite capacity excludes 1,448 MW of security reserve.
Including minor 'other' generation technologies (e.g. oil-fired power plants).

Note: Renewables capacity incl. batteries amounts to 10,602 MW as of 30 Sep 2020.

Accounting view		Renewables	Pumped storage/	Gas		Lignite4	Hard coal	Nuclear	Total5
				batteries
MW	30 Sep	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		6,508	2,163	20	-	-		-	-	-	-	-	-	-	6,527	2,163
Hydro / Biomass / Gas		1,391	1,148	2,336	2,336	13,935		13,553	-	-	1,474	3,259	-	-	19,428	20,640
of which			-		-			-		-		-		-		-
Germany1		432	441	2,336	2,336	3,767		3,767	-	-	-	-	-	-	6,574	6,583
United Kingdom		137	137	-	-	7,058		6,676	-	-	-	1,560	-	-	7,449	8,678
Netherlands/Belgium		748	497	-	-	2,323		2,323	-	-	1,474	1,699	-	-	4,545	4,519
Turkey		-	-	-	-	787		787	-	-	-	-	-	-	787	787
Coal / Nuclear2		7	7	-	-	400		400	8,807	8,807	2,341	2,341	2,770	2,770	14,352	14,352
RWE Group3		9,823	4,243	2,358	2,338	14,335		13,953	8,807	8,807	3,815	5,600	2,770	2,770	42,227	38,082

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 September 2020 it amounted to a net 2,203 MW (30 Sep 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 September 2020 it amounted to a net 783 MW (30 Sep 2019: 783 MW).
Including minor battery capacity in the Supply & Trading Division.
Lignite capacity excludes 1,448 MW of security reserve.
Including minor 'other' generation technologies (e.g. oil-fired power plants).

Note: Renewables capacity incl. batteries amounts to 9,852 MW as of 30 Sep 2020.

Preliminary data, rounding differences may occur.

RWE's renewables installed capacity

PREVIEW

Pro rata view

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

Germany		851	340	582	544	3	2	407	410	-	6	1,843	1,302
United Kingdom		1,436	673	658	391	-	-	82	82	55	55	2,231	1,202
Netherlands		-	-	295	295	-	-	11	11	737	486	1,043	792
Poland		-	-	369	226	1	1	-	-	-	-	370	227
Spain		-	-	443	443	52	7	10	10	-	-	504	459
Italy		-	-	442	57	-	-	-	-	-	-	442	57
USA/CAN		-	-	3,598	-	127	-	-	-	-	-	3,725	-
Other countries		176	87	121	13	-	-	62	61	-	-	359	161
Renewables RWE Group	2,463	1,100	6,507	1,969	229	10	572	575	792	547	10,563	4,200

Accounting view

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

Germany		598	295	666	628	3		2	432	435	-	6	1,698	1,366
United Kingdom		1,272	630	707	456	-		-	82	82	55	55	2,117	1,223
Netherlands		-	-	295	295	-		-	11	11	737	486	1,043	792
Poland		-	-	385	242	1		1	-	-	-	-	386	242
Spain		-	-	447	447	45		-	12	12	-	-	504	459
Italy		-	-	475	90	-		-	-	-	-	-	475	90
USA/CAN		-	-	3,195	-	125		-	-	-	-	-	3,320	-
Other countries		48	-	126	10	-		-	61	61	-	-	235	71
Renewables RWE Group	1,918	925	6,295	2,167	220		3	599	601	792	547	9,823	4,243

Preliminary data, rounding differences may occur.

RWE's pro formarenewables installed capacity1

PREVIEW

Pro rata view

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

Germany		851	851	582	582	3	2	407	410	-	6	1,843	1,851
United Kingdom		1,436	1,436	658	657	-	-	82	82	55	55	2,231	2,230
Netherlands		-	-	295	295	-	-	11	11	737	486	1,043	792
Poland		-	-	369	369	1	1	-	-	-	-	370	370
Spain		-	-	443	443	52	7	10	10	-	-	504	459
Italy		-	-	442	385	-	-	-	-	-	-	442	385
USA/CAN		-	-	3,598	3,227	127	17	-	-	-	-	3,725	3,244
Other countries		176	176	121	121	-	-	62	61	-	-	359	359
Renewables RWE Group	2,463	2,463	6,507	6,078	229	27	572	575	792	547	10,563	9,690

Accounting view

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

Germany		598	598	666	666	3	2	432	435	-	6	1,698	1,706
United Kingdom		1,272	1,272	707	706	-	-	82	82	55	55	2,117	2,116
Netherlands		-	-	295	295	-	-	11	11	737	486	1,043	792
Poland		-	-	385	385	1	1	-	-	-	-	386	386
Spain		-	-	447	447	45	-	12	12	-	-	504	459
Italy		-	-	475	418	-	-	-	-	-	-	475	418
USA/CAN		-	-	3,195	2,824	125	15	-	-	-	-	3,320	2,839
Other countries		48	48	126	126	-	-	61	61	-	-	235	235
Renewables RWE Group	1,918	1,918	6,295	5,866	220	18	599	601	792	547	9,823	8,950

Preliminary data, rounding differences may occur.

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

Portfolio changes for Wind/Solar versus 31 Dec 2019						PREVIEW

			TRANSACTION	NET CAPACITY	RWE's LEGAL	PRO RATA VIEW	ACCOUNTING	SUPPORT	SUPPORT
	PROJECT NAME	COUTNRY	CONSOLIDATION STAKE
								TREATMENT1	REGIME	EXPIRY
			TYPE		DATE	MW	%		MW	%		MW

Offshore												-

Onshore												370.35
	Peyton Creek	US	commissioned		Mar 20	151.2	100%		151.2	100%		151.2	1	REC/PTC	2030
	Spijk	NL	decommissioned		Jun 20	1	100%		1	100%		0.85	1	Merchant	n.a.
	Cranell	US	commissioned		Sep 20	220	100%		220	100%		220	1	REC/PTC	2030

Solar												92.1
	Alarcos	ES	commissioned		Jul 20	45	100%		45	100%		45	1	PPA	2030
	Lieg	GER	commissioned		Jul 20	1	100%		1	100%		0.6	1	FiT	2040
	Vauxhall	CAN	commissioned		Aug 20	22	100%		22	100%		22	1	PPA	2030
	Hull	CAN	commissioned		Aug 20	25	100%		25	100%		24.5	1	PPA	2030

Storage

										Total	462.45	GW

1 Details on accounting treatment, please see in the appendix. Preliminary data, rounding differences may occur.

RWE's electricity generation Q1 - Q3

January - September

PREVIEW

Accounting view

Billion kWh	Renewables	Pumped storage/	Gas	Lignite		Hard coal	Nuclear		Other		Total
		batteries

Jan - Sep (9M)	2020	2019	2020	2019	2020		2019	2020		2019	2020	2019	2020	2019	2020	2019	2020	2019
Offshore Wind	5.0	2.4															5.0	2.2
Onshore Wind / Solar	12.1	3.7															12.1	3.7
Hydro / Biomass / Gas	4.2	2.6	1.5	1.3	34.9		36.8				2.2	7.0			0.2		43.0	47.7
of which
Germany1	1.4	1.4	1.5	1.3	6.3		5.4								0.2		9.4	8.1
United Kingdom	0.4	0.4			17.1		25.0					0.4					17.5	25.8
Netherlands/Belgium	2.4	0.8			8.4		4.7				2.2	6.6					13.0	12.1
Turkey					3.1		1.7										3.1	1.7
Coal / Nuclear					0.6		0.2	23.4		35.4	1.9	3.3	15.6	15.2	0.0	0.1	41.4	54.2
of which
Germany2					0.6		0.2	23.4		35.4	1.9	3.3	14.8	14.4	0.0	0.1	40.6	53.4
Netherlands/Belgium													0.8	0.8			0.8	0.8
RWE Group	21.3	8.7	1.5	1.3	35.5		37.0	23.4		35.4	4.1	10.3	15.6	15.2	0.2	0.1	101.5	107.8

Including electricity from power plants not owned by RWE that we can deploy at our discretion on the basis of long-term agreements. In Q1-Q3 2020, this amounted to 1.6 billion kWh (Q1-Q3 2019: 1.3 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 Q1-Q3 2020, this amounted to 0.5 billion kWh (Q1-Q3 2019: 1.1 billion kWh)

Offshore Wind: Consolidation effect - assets acquired from E.ON included as of 18 Sep 2019. Positive weather effect in Q1 2020 after low wind levels in 2019
Onshore Wind / Solar: Consolidation effect - assets acquired from E.ON included as of 18. Sep 2019. Commissioning of new generation capacity
Renewables Netherlands: Conversion of Amer and Eemshaven hard coal plants to biomass co-firing (1.9 TWh biomass co-firing at Amer and 0.5 TWh biomass co-firing at Eemshaven)
Gas Germany: Market price driven higher generation volumes as well as higher availability in first half of 2020
Gas UK: Less demand in the early part of 2020 due to warm and windy weather and Covid-19 impact thereafter
Gas Netherlands: Higher power production due to demothballing Claus C (1304 MW); disposal of Inesco (130 MW, Q1 2019)
Gas Turkey: Higher electricity generation due to favourable weather conditions (less hydro production)
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 driven lower commercial dispatch; conversion of Amer and Eemshaven hard coal plant to biomass co-firing (see above) Preliminary data, rounding differences may occur.

RWE's electricity generation Q3

July - September

PREVIEW

Accounting view

Billion kWh	Renewables	Pumped storage/	Gas	Lignite		Hard coal	Nuclear		Other		Total
		batteries

Jul - Sep (Q3)	2020	2019	2020	2019	2020		2019	2020		2019	2020	2019	2020	2019	2020	2019	2020	2019
Offshore Wind	1.2	1.0	-	-	-		-	-		-	-	-	-	-	-	-	1.2	1.0
Onshore Wind / Solar	3.2	1.2	-	-	-		-	-		-	-	-	-	-	-	-	3.2	1.2
Hydro / Biomass / Gas	1.4	0.6	0.5	0.4	13.8		12.1	-		-	0.7	1.3	-	-	0.1	-	16.5	14.4
of which	-	-	-	-	-		-	-		-	-	-	-	-	-	-	-	-
Germany1	0.4	0.2	0.5	0.4	2.0		2.4	-		-	-	-	-	-	0.1	-	3.0	3.0
United Kingdom	0.1	0.2	-	-	7.4		7.0	-		-	-	0.0	-	-	-	-	7.5	7.2
Netherlands/Belgium	0.9	0.2	-	-	3.0		1.8	-		-	0.7	1.3	-	-	-	-	4.6	3.3
Turkey	-	-	-	-	1.4		0.9	-		-	-	-	-	-	-	-	1.4	0.9
Coal / Nuclear	-	-	-	-	0.4		0.2	9.1		10.7	0.9	0.8	5.6	6.0	-	-	16.0	17.7
of which	-	-	-	-	-		-	-		-	-	-	-	-	-	-	-	-
Germany2	-	-	-	-	0.4		0.2	9.1		10.7	0.9	0.8	5.3	5.7	-	-	15.7	17.4
Netherlands/Belgium	-	-	-	-	-		-	-		-	-	-	0.3	0.3	-	-	0.3	0.3
RWE Group	5.8	2.8	0.5	0.4	14.2		12.3	9.1		10.7	1.6	2.1	5.6	6.0	0.1	-	36.9	34.3

Including electricity from power plants not owned by RWE that we can deploy at our discretion on the basis of long-term agreements. In Q3 2020, this amounted to 0.5 billion kWh (Q3 2019: 0.4 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 Q3 2020, this amounted to 0.2 billion kWh (Q3 2019: 0.2 billion kWh)

Offshore Wind: Consolidation effect: assets acquired from E.ON included as of 18 Sep 2019
Onshore Wind / Solar: Consolidation effect - assets acquired from E.ON included as of 18. Sep 2019. Commissioning of new generation capacity; lower wind yield
Renewables Netherlands: Conversion of Amer and Eemshaven hard coal plants to biomass co-firing (0.8 TWh biomass co-firing at Amer and 0.1 TWh biomass co-firing at Eemshaven)
Gas Turkey: Higher electricity generation due to favourable weather conditions (less hydro production)
Gas Netherlands: Higher gas production due to demothballing Claus C (1,304 MW)
Lignite: mainly maintenance outages and transfer of Neurath C (292 MW) to the lignite reserve in Q4 2019
Hard coal Netherlands: lower production at Eemshaven due to market price driven lower commercial dispatch; conversion of Amer and Eemshaven hard coal plant to biomass co-firing (see above) Preliminary data, rounding differences may occur.

RWE's renewables electricity generation1 Q1 - Q3

January - September

PREVIEW

Pro rata view

Billion kWh	Offshore	Onshore	Solar	Hydro	Biomass	Total
	wind	wind
Jan - Sep (9M)	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019

Germany	2.1	0.8	0.7	0.7	0.0	0.0	1.4	1.4	-	-	4.2	2.8
United Kingdom	3.9	1.9	1.6	0.7	-	-	0.1	0.1	0.3	0.3	5.9	3.0
Netherlands	-	-	0.5	0.5	-	-	-	-	2.4	0.8	2.9	1.3
Poland	-	-	0.7	0.4	0.0	0.0	-	-	-	-	0.7	0.4
Spain	-	-	0.6	0.7	0.0	0.0	0.0	0.0	-	-	0.7	0.8
Italy	-	-	0.6	0.1	-	-	-	-	-	-	0.6	0.1
USA/CAN	-	-	7.5	0.2	0.2	0.0	-	-	-	-	7.7	0.3
Other countries	0.5	0.2	0.3	0.0	0.0	0.0	0.0	0.0	-	-	0.7	0.0
Renewables RWE Group	6.4	2.9	12.5	3.4	0.3	0.0	1.6	1.5	2.7	1.1	23.4	8.8

Accounting view

Billion kWh	Offshore	Onshore	Solar	Hydro	Biomass	Total
	wind	wind
Jan - Sep (9M)	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019

Germany	1.4	0.7	0.9	0.8	0.0	0.0	1.4	1.4	-	-	3.7	2.8
United Kingdom	3.4	1.8	1.6	0.8	-	-	0.1	0.1	0.3	0.3	5.4	3.0
Netherlands	-	-	0.5	0.5	-	-	-	-	2.4	0.8	2.9	1.3
Poland	-	-	0.7	0.4	0.0	0.0	-	-	-	-	0.7	0.4
Spain	-	-	0.6	0.7	0.0	-	0.0	0.0	-	-	0.6	0.7
Italy	-	-	0.7	0.2	-	-	-	-	-	-	0.7	0.2
USA/CAN	-	-	6.5	0.3	0.2	0.0	-	-	-	-	6.7	0.3
Other countries	0.2	0.0	0.2	0.0	0.0	0.0	0.1	0.1	-	-	0.5	0.1
Renewables RWE Group	5.0	2.4	11.7	3.7	0.3	0.0	1.6	1.5	2.7	1.1	21.3	8.7

Preliminary data, rounding differences may occur.

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

RWE's renewables electricity generation1 Q3

July - September

PREVIEW

Pro rata view

Billion kWh	Offshore	Onshore	Solar	Hydro	Biomass	Total
	wind	wind
Jul - Sep (Q3)	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019

Germany	0.6	0.3	0.1	0.2	0.0	0.0	0.4	0.2	-	-	1.1	0.7
United Kingdom	0.9	0.7	0.4	0.3	-	-	0.0	0.0	0.1	0.1	1.4	1.0
Netherlands	-	-	0.1	0.1	-	-	-	-	0.9	0.3	1.0	0.4
Poland	-	-	0.2	0.1	0.0	0.0	-	-	-	-	0.2	0.1
Spain	-	-	0.2	0.2	0.0	0.0	0.0	0.0	-	-	0.2	0.2
Italy	-	-	0.2	0.0	-	-	-	-	-	-	0.2	0.0
USA/CAN	-	-	2.0	0.2	0.1	0.0	-	-	-	-	2.0	0.3
Other countries	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	-	-	0.2	0.1
Renewables RWE Group	1.6	1.1	3.2	1.1	0.1	0.0	0.4	0.2	1.0	0.4	6.3	2.8

Accounting view

Billion kWh	Offshore	Onshore	Solar	Hydro	Biomass	Total
	wind	wind
Jul - Sep (Q3)	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019

Germany	0.3	0.2	0.3	0.2	0.0	0.0	0.4	0.2	-	-	1.0	0.7
United Kingdom	0.9	0.8	0.4	0.3	-	-	0.0	0.0	0.1	0.1	1.4	1.1
Netherlands	-	-	0.1	0.1	-	-	-	-	0.9	0.3	1.0	0.4
Poland	-	-	0.2	0.1	0.0	0.0	-	-	-	-	0.2	0.1
Spain	-	-	0.2	0.2	0.0	-	0.0	0.0	-	-	0.2	0.1
Italy	-	-	0.2	0.1	-	-	-	-	-	-	0.2	0.1
USA/CAN	-	-	1.7	0.3	0.1	0.0	-	-	-	-	1.8	0.3
Other countries	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-	-	0.1	0.0
Renewables RWE Group	1.2	1.0	3.0	1.2	0.1	0.0	0.4	0.2	1.0	0.4	5.8	2.8

Preliminary data, 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 Q1 - Q3

January - September

PREVIEW

Pro rata view

Billion kWh	Offshore	Onshore	Solar	Hydro	Biomass	Total
	wind	wind
Jan - Sep (9M)	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019

Germany	2.1	2.1	0.7	0.7	0.0	0.0	1.4	1.4	-	-	4.2	4.2
United Kingdom	3.9	3.3	1.6	1.2	-	-	0.1	0.1	0.3	0.3	5.9	4.8
Netherlands	-	-	0.5	0.5	-	-	-	-	2.4	0.8	2.9	1.3
Poland	-	-	0.7	0.7	0.0	0.0	-	-	-	-	0.7	0.7
Spain	-	-	0.6	0.7	0.0	0.0	0.0	0.0	-	-	0.7	0.8
Italy	-	-	0.6	0.5	-	-	-	-	-	-	0.6	0.5
USA/CAN	-	-	7.5	7.3	0.2	0.0	-	-	-	-	7.7	7.4
Other countries	0.5	0.4	0.3	0.2	0.0	0.0	0.0	0.0	-	-	0.7	0.6
Renewables RWE Group	6.4	5.8	12.5	11.9	0.3	0.0	1.6	1.5	2.7	1.1	23.4	20.4

Accounting View

Billion kWh	Offshore	Onshore	Solar	Hydro	Biomass	Total
	wind	wind
Jan - Sep (9M)	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019

Germany	1.4	1.5	0.9	0.8	0.0	0.0	1.4	1.4	-	-	3.7	3.6
United Kingdom	3.4	2.9	1.6	1.2	-	-	0.1	0.1	0.3	0.3	5.4	4.4
Netherlands	-	-	0.5	0.5	-	-	-	-	2.4	0.8	2.9	1.3
Poland	-	-	0.7	0.6	0.0	0.0	-	-	-	-	0.7	0.6
Spain	-	-	0.6	0.7	0.0	-	0.0	0.0	-	-	0.6	0.8
Italy	-	-	0.7	0.6	-	-	-	-	-	-	0.7	0.6
USA/CAN	-	-	6.5	6.4	0.2	0.0	-	-	-	-	6.7	6.4
Other countries	0.2	0.1	0.2	0.3	0.0	0.0	0.1	0.1	-	-	0.5	0.5
Renewables RWE Group	5.0	4.5	11.7	11.0	0.3	0.0	1.6	1.5	2.7	1.1	21.3	18.2

Preliminary data, 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 Q3

July - September

PREVIEW

Pro rata view

Billion kWh	Offshore	Onshore	Solar	Hydro	Biomass	Total
	wind	wind
Jul - Sep (Q3)	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019

Germany	0.6	0.7	0.1	0.2	0.0		0.0	0.4	0.2	-	-	1.1	1.1
United Kingdom	0.9	0.9	0.4	0.4	-		-	0.0	0.0	0.1	0.1	1.4	1.3
Netherlands	-	-	0.1	0.1	-		-	-	-	0.9	0.3	1.0	0.4
Poland	-	-	0.2	0.2	0.0		0.0	-	-	-	-	0.2	0.2
Spain	-	-	0.2	0.2	0.0		0.0	0.0	0.0	-	-	0.2	0.2
Italy	-	-	0.2	0.1	-		-	-	-	-	-	0.2	0.1
USA/CAN	-	-	2.0	2.1	0.1		0.0	-	-	-	-	2.0	2.1
Other countries	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	-	-	0.2	0.1
Renewables RWE Group	1.6	1.7	3.2	3.2	0.1	0.0	0.4	0.2	1.0	0.4	6.3	5.4

Accounting View

Billion kWh	Offshore	Onshore	Solar	Hydro	Biomass	Total
	wind	wind
Jul - Sep (Q3)	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019	2020	2019

Germany	0.3	0.4	0.3	0.2	0.0		0.0	0.4	0.2	-	-	1.0	0.8
United Kingdom	0.9	0.9	0.4	0.4	-		-	0.0	0.0	0.1	0.1	1.4	1.3
Netherlands	-	-	0.1	0.1	-		-	-	-	0.9	0.3	1.0	0.4
Poland	-	-	0.2	0.1	0.0		0.0	-	-	-	-	0.2	0.1
Spain	-	-	0.2	0.2	0.0		-	0.0	0.0	-	-	0.2	0.2
Italy	-	-	0.2	0.1	-		-	-	-	-	-	0.2	0.1
USA/CAN	-	-	1.7	1.8	0.1		0.0	-	-	-	-	1.8	1.8
Other countries	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	-	-	0.1	0.1
Renewables RWE Group	1.2	1.3	3.0	2.9	0.1	0.0	0.4	0.2	1.0	0.4	5.8	4.8

Preliminary data, 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 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 October 2020 14:14:06 UTC

Real-time Estimate Tradegate Other stock markets 11:02:59 2024-04-25 am EDT			5-day change	1st Jan Change
31.82 ^EUR	+0.49%		-1.55%	-22.68%

04:30pm	Special committee meetings on nuclear phase-out decisions	DP
04:17pm	After 'Cicero' report: CDU/CSU parliamentary group demands clarification on nuclear phase-out	DP

Special committee meetings on nuclear phase-out decisions	10:30am	DP
After 'Cicero' report: CDU/CSU parliamentary group demands clarification on nuclear phase-out	10:17am	DP
RWE AG(NEU) : Goldman Sachs keeps its Buy rating	09:08am	ZD
RWE AG(NEU) : Deutsche Bank reaffirms its Buy rating	09:06am	ZD
RWE AG(NEU) : Barclays reiterates its Buy rating	07:31am	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
RWE AG(NEU) : Jefferies maintains a Buy rating	Apr. 15	ZD
Habeck: Electricity prices fall even after nuclear phase-out	Apr. 14	DP

	1st Jan change	Capi.
RWE AG	-22.68%	25.17B
ABU DHABI NATIONAL ENERGY COMPANY	-17.71%	90.01B
ACWA POWER COMPANY	+75.49%	87.91B
E.D.F.	-.--%	51.55B
NATIONAL GRID PLC	-1.22%	48.81B
SEMPRA	-4.46%	45.57B
EON SE	+1.98%	34.86B
PUBLIC SERVICE ENTERPRISE GROUP, INC.	+9.58%	33.52B
UNIPER SE	-14.21%	22.15B
VEOLIA ENVIRONNEMENT	+0.84%	22.1B

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