RWE’s operating business is spread over four companies – all acting with a high degree of autonomy in their respective business areas and totally committed to the success of the new RWE. Within the new RWE, the individual Group companies all have different tasks, but one common objective: “Our energy for a sustainable life”. This is what RWE’s approximately 20,000 employees are working towards and they have set an ambitious goal for themselves: to be carbon neutral by 2040.
RWE Renewables is RWE’s newest subsidiary and is responsible for our renewables business. In concrete terms, this means: around 3,500 highly-qualified employees, business in more than 15 countries around the globe, and a portfolio of plants with a total capacity of more than 9 GW. Thus equipped, the company is a major player, right from the very start. And it has a clear focus on growth: the project pipeline is well filled. In future, 1.5 billion euros net will be invested in renewables and storage technologies each year. And this includes every type of technology: offshore and onshore wind power as well as photovoltaics. Together with our partners, this can provide an additional 2 to 3 GW per year, a good part of which will expand the RWE Renewables portfolio.
With its highly efficient power plants in Germany, the UK and the Netherlands, approximately 3,100 employees at RWE Generation efficiently use gas, hard coal, hydro power and biomass to generate electricity. The company’s gas fleet is the fourth largest in Europe. Which is an excellent starting point, as gas is becoming increasingly important as a bridge to the age of renewables. The company banks on biomass, particularly in the Netherlands – and is converting two coalfired power stations so that they can use this CO2-neutral energy source. RWE also has hydro power plants in many core markets.
RWE Power’s conventional power plants are the backbone of security of supply. This company, which has around 11,000 employees, handles power generation from lignite and nuclear energy. These conventional energy sources reliably provide electricity when wind and solar power are not available. Their share in German electricity generation is currently around 15 per cent. The lignite power plants are supplied by adjacent opencast mines, adding value in the Rhenish area, from extraction to power generation. The phase-out of nuclear energy will be completed by the end of 2022, whilst coal-fired power production in Germany will be phased out by 2038 at the latest. RWE Power will implement both securely and responsibly.
RWE Supply & Trading is the interface between RWE and energy markets around the world. Around 1,600 employees from 40 nations trade electricity, gas, commodities, and CO2 emission certificates. Aided by precise market analyses and guided by high customer orientation, they create innovative energy supply solutions as well as concepts for risk management in industrial companies. The trading company also ensures the commercial optimisation of the RWE power plants, operates storage for natural gas, and markets the renewable energy generated by RWE Renewables.