1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. RWE AG
  6. News
  7. Summary
    RWE   DE0007037129

RWE AG

(RWE)
  Report
Delayed Xetra  -  11:35 2022-08-09 am EDT
42.32 EUR   +0.83%
08/08RWE AG(NEU) : Jefferies gives a Buy rating
MD
08/05Con Ed's $3 Billion Renewable Energy Portfolio Attracts Interest From TotalEnergies, RWE, GIP
MT
08/05RWE : Glenrothes MP visits Markinch Biomass Power Station to understand RWE's hydrogen plans
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

RWE : Supply & Trading starts trading in voluntary emission reductions

06/20/2022 | 09:14am EDT
  • From July onwards, it will be possible to obtain voluntary emission reductions (VERs) on RWE's Easy Commodity Trader platform
  • RWE will also offer new combination product consisting of VERs and a standard gas product (Carbon Compensated Gas)
Essen, 20 June 2022

From July onwards, RWE will offer a certified carbon compensation product - voluntary emission reductions (VERs) - to its key accounts and industrial customers. Voluntary emission reductions are resulting of projects that aim to reduce or avoid emissions. The certificates can be obtained on RWE's digital platform Easy Commodity Trader or directly via RWE Supply & Trading.

The revenue generated from the purchase of the certificates will be used to finance projects that aim at reducing emissions, which would not be possible without financial support. VERs are intended to complement a decarbonisation strategy and help in the transition to a carbon-free world. Capital from carbon emitters is transferred to projects that sequester or reduce carbon. The projects undertaken using these certificates are subject to verified standards such as The Gold Standard and VERRA's VCS-CCB. These standards are the most widely used in the world and ensure that strict quality criteria are met. They make sure that greenhouse gas emissions are reduced by the target amount.

The certificates are used to fund projects in areas such as reforestation or the construction of renewable energy plants in developing countries. Where requested by the customer, RWE will also handle the deletion of certificates if the customer does not have an own account with the relevant registry offices.

At e-world, RWE Supply & Trading and OTC trading platform enmacc will introduce another new product - carbon compensated gas. It consists of VER certificates and natural gas supply contracts and is predominantly aimed at municipal authorities and utilities. This will enable them to make their gas purchases carbon neutral.

RWE is the first to offer carbon compensated gas on wholesale markets. Until now, customers have had to sign tailored individual contracts for this purpose. Enmacc is a digital trading platform used for direct bilateral trading in energy commodities, which is currently used by over 200 municipal utility customers.

At the E-world energy & water exhibition, those who are interested can find out more about these products as well as other solutions offered by RWE. More information on VER's can be found on the RWE website.

Downloads

Disclaimer

RWE AG published this content on 20 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 June 2022 13:13:11 UTC.


© Publicnow 2022
All news about RWE AG
08/08RWE AG(NEU) : Jefferies gives a Buy rating
MD
08/05Con Ed's $3 Billion Renewable Energy Portfolio Attracts Interest From TotalEnergies, RW..
MT
08/05RWE : Glenrothes MP visits Markinch Biomass Power Station to understand RWE's hydrogen pla..
PU
08/05RWE AG(NEU) : Buy rating from Goldman Sachs
MD
08/04RWE AKTIENGESELLSCHAFT : Release of a capital market information
EQ
08/02Germany's LNG import project plans
RE
08/01POWER ON : First turbine commissioned at RWE's Kaskasi wind farm in the German North Sea
PU
07/28RWE AG(NEU) : Barclays maintains a Buy rating
MD
07/28RWE AG(NEU) : Jefferies remains its Buy rating
MD
07/28RWE AG(NEU) : Deutsche Bank remains its Buy rating
MD
More news
Analyst Recommendations on RWE AG
More recommendations
Financials
Sales 2022 22 819 M 23 339 M 23 339 M
Net income 2022 2 035 M 2 081 M 2 081 M
Net Debt 2022 6 816 M 6 972 M 6 972 M
P/E ratio 2022 14,8x
Yield 2022 2,15%
Capitalization 28 617 M 29 270 M 29 270 M
EV / Sales 2022 1,55x
EV / Sales 2023 1,57x
Nbr of Employees 18 218
Free-Float 92,9%
Chart RWE AG
Duration : Period :
RWE AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends RWE AG
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 42,32 €
Average target price 50,71 €
Spread / Average Target 19,8%
EPS Revisions
Managers and Directors
Markus Krebber Chief Executive Officer
Michael Müller Chief Financial Officer
Werner Brandt Chairman-Supervisory Board
Dagmar Mühlenfeld Member-Supervisory Board
Ullrich Sierau Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
RWE AG18.48%29 004
SEMPRA ENERGY21.68%50 591
NATIONAL GRID PLC7.10%50 178
ELECTRICITÉ DE FRANCE20.59%45 470
ABU DHABI NATIONAL ENERGY COMPANY PJSC-4.55%38 872
ACWA POWER COMPANY105.24%33 494