Table of Contents
Table of Contents 2
List of Tables 11
Company Snapshot 13
Key Information 13
Company Overview 13
SWOT Snapshot 13
Operational Metrics 14
RWE AG, Operational Metrics, By Capacity 14
RWE AG, Operational Metrics, By Generation 14
RWE AG, Operational Metrics, By Segmental Information 14
RWE AG, Operational Metrics, By Sales 15
RWE AG, Wind Farms 16
RWE AG, Wind Farms, United Kingdom 16
RWE AG, Solar PV Parks 33
RWE AG, Solar PV Parks, Germany 33
RWE AG, Hydro Power Plants 34
RWE AG, Hydro Power Plants, Luxembourg 34
RWE AG, Biopower Plants 42
RWE AG, Biopower Plants, United Kingdom 42
RWE AG, Thermal Power Plants 44
RWE AG, Thermal Power Plants, Germany 44
RWE AG, Commercial Reactors 51
RWE AG, Commercial Reactors, United Kingdom 51
Business Description 53
Business Overview 53
Conventional Power Generation 53
Overview 53
Innogy 53
Overview 53
Trading/Gas Midstream 53
Overview 53
Major Products and Services 54
History 55
SWOT Analysis 67
Overview 67
RWE AG Strengths 67
Focus on Research and Development 67
Increase in Electricity Sales 67
RWE AG Weaknesses 67
Operational Performance 67
RWE AG Opportunities 68
Strategic Growth Initiatives 68
Growing Demand for Electricity: Europe 68
Strategic Acquisitions 68
RWE AG Threats 68
Competition 68
Regulatory Environment 68
Operational Constraints 69
Financial Ratios – Capital Market Ratios 70
Financial Ratios – Annual Ratios 70
Financial Ratios – Interim Ratios 72
Key Employees 73
Key Employee Biographies 74
Locations And Subsidiaries 75
Head Office 75
Other Locations & Subsidiaries 75
Financial Deals Landscape 78
RWE AG, Deals Summary 78
RWE AG, Power, Deal Details 81
Asset Transactions 81
Innogy Acquires Remaining 50% Stake in Triton Knoll Offshore Wind Farm in UK from Statkraft 81
Innogy Acquires Dromadda Beg Wind Farm in County Kerry, Ireland 82
innogy to Acquire Remaining 75% stake in Teesside B Offshore Wind Farm in England, UK from Statoil and SSE in Asset Swap Transaction 83
RWE Acquires Kencot Hill Solar Power Project In Oxford, England From Conergy 85
RWE Npower Invests US$1,624 Million In Pembroke CCGT Power Station, Wales, UK 86
RWE Invests US$3,200 Million In BoA 2&3 Coal Power Plant In Germany 87
Scottish and Southern Energy And RWE npower Invests US$2,536 Million In Greater Gabbard Offshore Wind Farm, UK 88
Venture Financing 89
Heliatek Raises USD17.7 Million in Series D Venture Financing 89
Fresh Energy Raises USD3.5 Million in Venture Financing 91
Heliatek Raises USD46.9 Million in Series D Venture Financing 92
Bidgely Raises USD16.6 Million in Series B Financing 94
Private Equity 96
Grand Duchy of Luxembourg and Ardian Consortium Completes Acquisition of 28.4% Stake in Enovos International from RWE and E.ON 96
Partnerships 98
Bin Butti International Investment Forms Partnership with RWE 98
Hrvatska Elektroprivreda to form Joint Venture with RWE 99
Equity Offering 100
Innogy Raises Funds in IPO 100
Debt Offering 102
Innogy Raises USD1 Billion in Public Offering of 1.25% Bonds Due 2027 102
Innogy Raises USD799.6 Million in Public Offering of Bond Due 2025 103
RWE Raises USD500 Million in Private Placement of 6.625% Bonds Due 2085 104
RWE Raises USD1.32 Billion in Private Placement of Bonds Due 2075 105
RWE Completes Private Placement Of 3.5% Bonds, Due 2037, For US$140 Million 106
RWE Completes Public Offering Of 1.875% Bonds Due 2020 For US$1 Billion 107
RWE Completes Public Offering Of 7% Bonds Due 2072 For US$500 Million 108
RWE Completes Private Placement Of 5% Bonds Due 2072 For US$156 Million 109
RWE Completes Private Placement Of 5% Bonds Due 2072 For US$166 Million 110
RWE Completes Public Offering Of 4.75% Bonds Due 2034 For US$918.5 Million 111
Asset Transactions 112
Statoil and SSE to Acquire Remaining 25% Stake in Creyke Beck A, Creyke Beck B and Teesside A Offshore Wind Farms in England, UK from innogy in Asset Swap Transaction 112
Energeticky a prumyslovy to Acquire Lynemouth Coal Fired Power Plant in Northumberland, England, UK from RWE 114
Foresight Solar Fund Acquires Kencot Hill Solar Power Plant in UK from RWE Supply & Trading 115
Statkraft Acquires 50% Interest in Triton Knoll Offshore Wind Farm in UK from RWE 116
Greencoat To Acquire Portfolio Of Wind Farms From SSE And RWE In UK 117
Hitachi Acquires Horizon Nuclear Power From E.ON And RWE For US$866 Million 119
BASF Antwerpen Acquires 50% Equity Stake In Zandvliet Power From RWE 121
RheinEnergie Acquires 24.6% Equity Stake In Rostock Hard Coal Fired Power Plant From RWE 122
RWE Sells 90% Equity Stake In Wind Power Project To Sabloal Energie 123
Acquisition 124
RWE International Acquires BELECTRIC Solar & Battery from Belectric Holding 124
RWE Acquires VSE 126
Dalkia And PGGM Completes Acquisition of Essent Local Energy Solutions From RWE 127
RWE To Sell 26.7% Stake In Pfalzwerke 129
City of Koblenz And Regional Utilities Consortium Completes Acquisition Of KEVAG, Power Generation And Distribution Company, From RWE, For US$291 Million 130
Hitachi Acquires Horizon Nuclear Power from RWE Npower and Horizon Nuclear Power for USD1.1 Billion 132
RWE Completes Sale Of 19.33% Stake In VSE For US$103 Million 134
RWE Sells 74.9% Stake In Amprion 135
Atkins Acquires Technical Services Scotland 138
Recent Developments 139
RWE AG – Recent Developments 139
Mar 12, 2009: Lithuania Plans To Invite Tenders For Construction Of Nuclear Power Plant In 2009 139
Sep 19, 2014: Egypt signs seven oil and gas exploration deals worth $187m 139
Oct 27, 2010: Maersk Oil Secures 10 UK Blocks 139
Mar 05, 2010: Turkey Approves Nabucco Transit Deal 140
Apr 16, 2009: RWE Signs Contract For Block 23 In Turkmen Sector Of Caspain Sea 140
Dec 03, 2008: RWE Gets Permission For 750 MW Gwynt y Mor Wind Farm 140
Oct 01, 2008: Adria LNG Receives Consent From Croatian Government 141
Sep 03, 2008: Joint Invitation To RWE And Electrabel In Belene Nuclear Power Plant 141
Jun 29, 2016: New RWE subsidiary to be named innogy 141
Feb 05, 2016: RWE Innovation Division expands into the USA, bringing high-tech products from Silicon Valley to Germany 142
Jan 09, 2016: DEWA and RWE sign MoU on innovation in renewable energy R&D 143
Dec 11, 2015: RWE AG Supervisory Board unanimously approves plans for Group restructuring 143
Dec 10, 2015: RWE and Bin Butti International Investment agree on cooperation 144
Sep 21, 2015: RWE brings the Global Smart Charging Standard to California 144
Jul 07, 2015: ELMU-EMASZ Enters The Hungarian Natural Gas Market 145
Jul 06, 2015: RWE Enters Polish Gas Market For Small And Medium Sized Corporate Customers 145
Feb 20, 2015: RWE To Extend Cooperation With Macquarie 145
Sep 29, 2014: ABB collaborates on smart-grid distribution automation solution in Germany 146
Dec 04, 2013: RWE Supply & Trading opens presence in Mumbai, India 146
Nov 23, 2012: Gazprom And RWE Discuss Natural Gas Supplies 147
Sep 10, 2012: RWE Agrees To Strategic Collaboration With EPS For Energy Sector Projects In Serbia 147
Jun 27, 2012: RWE Expects To Install Roof Top Solar Panels Totaling 1,000 MW Capacity In 2012 147
May 10, 2012: RWE Not To Take Part In Expansion Of Temelin Nuclear Power Plant In Czech Republic 148
Sep 29, 2011: RWE Teams With European Energy And Research Enterprises To Form New EASE 148
Sep 15, 2011: Westinghouse In Discussions With Contractors For Construction Of Nuclear Power Plant In Poland 148
Sep 09, 2011: RWE And Akenerji Sign EFET Agreement For Electricity Sales In Turkey 148
Sep 05, 2011: RWE Plans To Expand Its Renewable Energies Generating Capacities In North Rhine-Westphalia, Germany 149
Jul 05, 2011: Horizon Nuclear Power May Abandon Two UK Nuclear Power Projects 150
Mar 10, 2011: RWE Recommends UK Government To Provide Long Term Guarantees 150
Aug 31, 2010: RWE And Turcas To Build 775MW Gas-fired CCP Plant In Denizli, Turkey 150
Aug 27, 2010: RWE And Kurdistan Regional Government Of Iraq Sign Cooperation Agreements 150
Jul 29, 2010: China Guodian To Invest In Serbia’s Energy Sector 151
May 06, 2010: E.ON, RWE Agree To Transfer Nuclear Power Production Quotas 151
Apr 14, 2010: RWE To Decide On Construction Of Gas-Fired Power Plant In Turkey 151
Feb 14, 2010: RWE Consortium Plans Wind Farm In The Netherlands 152
Jan 05, 2010: GAZ-SYSTEM Signs Three Agreements For Gas Shipments Between Poland And Czech Republic 152
Dec 09, 2009: RWE, E.ON To Make Decision On Nuclear Contracts 152
Nov 16, 2009: RWE Plans Hydro-Power Plants In Serbia 152
Oct 28, 2009: RWE Abandons Belene Nuclear Project In Bulgaria 153
Oct 23, 2009: RWE May Quit Bulgaria Nuclear Power Project: Bulgaria Energy Minister 153
Sep 02, 2009: RWE Consortium Looking At Dutch Wind Farm 154
Jul 13, 2009: Munich Re And 11 Companies Sign MoU To Establish DESERTEC Industrial Initiative 154
Jul 01, 2009: RWE Launches New Company RWE Effizienz In Dortmund, Germany 157
Jun 16, 2009: Consortium Of 20 Companies Plan To Build Solar Power Project In Africa 157
Jun 10, 2009: E.ON, RWE Purchases Land Required For UK Nuclear Plans 158
May 27, 2009: RWE Submits Plans For Nuclear Power Plant At Kirksanton, Cumbria 158
Apr 29, 2009: E.ON, RWE Win Bid For Two Sites To Construct Nuclear Reactors 158
Jan 27, 2009: PGNiG To Join Nabucco Pipeline Project 158
Jan 12, 2009: RWE npower To Construct New Nuclear Power Plant In Wales 159
Nov 17, 2008: Vattenfall, Kompania Weglowa, Grupa Energa And RWE To Invest In Renewable Energy In Poland 159
Oct 22, 2008: RWE Expects To Build New Nuclear Power Plants In Europe 159
Aug 29, 2008: RWE To Build Hard Coal Power Plant In Hamm 159
Jun 24, 2008: RWE Innogy Lays Foundation Stone For Biomass-Fired CHP Plant At Siegen-Wittgenstein 160
Jun 12, 2008: RWE To Build 800 MW Coal-Fired Power Plant In Poland 160
May 07, 2008: RWE Innogy Begins Construction Of Offshore Wind Farm Rhyl Flats 161
Apr 18, 2008: RWE Supervisory Board Scrutinizes Plans To Build Nuclear Power Plant In Belene 161
Mar 05, 2008: Iberdrola Consortium To Build 2 Nuclear Plants In Romania 161
Feb 21, 2008: REpower, RWE Innogy Agree On Negotiations For Framework Agreements For Up To 1,900 MW 162
Feb 20, 2008: RWE Innogy, RWE Energy To Develop New Wind Farms In Netherlands 162
Feb 07, 2008: MCT To Install Wind Turbine In Northern Ireland And Wales 162
Nov 07, 2007: RWE To Build Off Shore Wind Farm 163
Jan 24, 2010: DONG Energy Resumes Production At Siri Field In Denmark 163
Jan 04, 2010: DONG Energy’s Siri-Field Expected Back In Production In January 2009 164
Oct 07, 2009: DONG Energy To Resume Siri Field Production In November 2009 164
Aug 14, 2017: RWE confirms forecast for 2017 after good performance in the first six months 164
May 15, 2017: Good start to fiscal 2017 – RWE confirms full-year outlook 166
Feb 22, 2017: RWE publishes pro-forma figures for 2016 167
Nov 14, 2016: Report on the first three quarters presented: RWE confirms full-year outlook for 2016 169
Aug 11, 2016: Solid performance in the first half of 2016: RWE 170
May 12, 2016: RWE: earnings forecast for 2016 confirmed 171
Mar 08, 2016: Measures to further boost financial strength approved; 2015 earnings targets achieved 172
Feb 17, 2016: RWE sets course for successful development in difficult market environment 174
Nov 12, 2015: RWE confirms earnings forecast for 2015 175
Aug 13, 2015: RWE confirms earnings forecast for 2015 176
May 13, 2015: RWE confirms earnings forecast for 2015 177
Apr 29, 2015: RWE’s Financial Results Affected By Warm Weather And Low Gas Storage Prices 178
Mar 10, 2015: RWE: Earnings targets for 2014 achieved 178
Dec 12, 2014: RWE adopts new dividend policy 180
Nov 13, 2014: RWE confirms outlook for 2014 180
May 14, 2014: RWE: Positive interim result in a difficult environment 181
Apr 24, 2014: RWE Power AG Announces Dividend 182
Mar 04, 2014: RWE posts first net loss in 60 years 182
Sep 19, 2013: RWE Adjusts Dividend Policy and Maintains Earnings Outlook for 2013 184
Aug 14, 2013: RWE confirms forecast for 2013 184
May 15, 2013: RWE Reports Revenue Of €16.1 Billion In Q1 2013 185
Mar 05, 2013: RWE Reports Revenue Of €53.2 Billion In 2012 186
Nov 14, 2012: RWE Reports Revenue Of €10.9 Billion In Q3 2012 188
Aug 14, 2012: RWE Reports Revenue Of €27.1 Billion In H1 2012 188
May 10, 2012: RWE Reports Revenue Of €14.8 Billion In Q1 2012 189
Mar 06, 2012: RWE Reports Revenue Of €53.3 Billion In 2011 189
Nov 10, 2011: RWE Reports Revenue Of €10.3 Billion In Q3 2011 191
Aug 09, 2011: RWE Reports Revenue Of €11.2 Billion In Q2 2011 191
May 11, 2011: RWE Reports Income Of €1.94m In Q1 2011 191
Aug 12, 2010: RWE Reports 21% Rise In H1 Operating Result And Plans To Review Mid-Term Goals 192
Feb 15, 2010: RWE Reports Income Of EUR3.8 Billion In 2009 194
Nov 11, 2009: RWE Reports Income Of EUR602 Million In Q3 2009 194
Aug 13, 2009: RWE Reports EUR5 Billion EBITDA In H1 2009 195
Aug 13, 2009: RWE Posts Improved Operating Results In H1 09 196
Aug 12, 2009: RWE Reports Net Income Of EUR477 Million In Q2 Of 2009 196
May 13, 2009: RWE Reports Net Profit Of EUR1.75 Billion For Q1 2009 197
Feb 26, 2009: RWE Reports 2008 Results 198
Nov 11, 2008: RWE Reports 3Q 2008 Results 199
Aug 12, 2008: RWE Reports 1H 2008 Results 200
May 14, 2008: RWE Reports 1Q 2008 Results 201
Aug 07, 2007: RWE Reports 1H 2007 Results 202
Jul 06, 2017: James Fisher Marine Services provides wpd Offshore Solutions with Mermaid 204
Mar 14, 2017: RWE looks to the future with optimism after its successful reorganisation 204
Dec 06, 2016: The Thirteenth Amendment to the Atomic Energy Act Is for the Most Part Compatible with the Basic Law 205
Sep 22, 2016: RWE to lower Aberthaw coal plant emissions after EU court ruling 205
Aug 01, 2016: RWE Issues Outlook for 2016 and 2017 for RWE International SE, which combines the Grid & Infrastructure, Retail and Renewables Segments 206
Jul 11, 2016: European offshore wind developers join forces with the Carbon Trust to slash costs of offshore wind 206
Jul 07, 2016: RWE plans to cut 2,300 jobs over next four years 207
Jun 14, 2016: GROW: Lower costs offshore wind to 7 eurocent/kWh by 2030 207
Jun 07, 2016: Gazprom, RWE Agree Terms For Long-Term Gas Supply Deal 208
May 13, 2016: RWE submits tender for Borssele offshore wind project in Netherlands 208
Apr 21, 2016: German utilities may require more funds for nuclear waste storage 208
Mar 23, 2016: Changes to RWE Supply & Trading Board 208
Mar 03, 2016: Management team of new subsidiary named 209
Mar 03, 2016: RWE boss Terium to become CEO of new group unit 210
Feb 24, 2016: City of Bedburg and RWE celebrate inauguration of Konigshovener Hohe wind farm 210
Feb 16, 2016: RWE Czech Republic Branch Implements Doxee Cloud-Based Solution For Customer Communications/Output Management 211
Feb 02, 2016: German utility RWE sues lignite plant consortium for €1.3bn 211
Jan 21, 2016: JinkoSolar Partners with RWE AG in the 800 MW Solar Project in Dubai 212
Jan 11, 2016: Hildegard Muller to join RWE Group on 1 May 2016 212
Dec 01, 2015: RWE is building the innovative, decentralised energy group of the future: renewables, grids and retail activities are being transferred into a new subsidiary and listed on the stock market 212
Nov 30, 2015: Wind turbine owners establish global peer-to-peer platform 213
Nov 10, 2015: Six Offshore Wind Leaders Come Together to Focus on the Future 214
Oct 30, 2015: RWE Transparency 2.0: power station data at a glance 214
Oct 24, 2015: Germany inks agreement to idle lignite power units 215
Oct 20, 2015: RWE extends wind power portfolio in Poland 215
Oct 20, 2015: RWE commissions largest photovoltaic park in Hungary 215
Sep 15, 2015: RWE unveils new load and energy management solutions at IAA 2015 216
Sep 10, 2015: RWE secures German consent for commissioning 1.6GW Dutch coal-fired Eemshaven power plant 216
Aug 17, 2015: RWE tests innovative energy storage solution 217
Aug 10, 2015: Supervisory Board approves reorganisation of RWE 218
Aug 05, 2015: Dogger Bank wind consents total 4.8GW 218
Jul 20, 2015: E-mobility: RWE celebrates 700,000th charging session 220
Jul 15, 2015: One charging point per electric vehicle – BASF expands its vehicle fleet and charging infrastructure 220
Jul 10, 2015: Netherlands Gate Terminal To Ship Two LNG Cargoes In July 2015 End 220
Jul 10, 2015: EC To Hold Talks With European Firms On Ukraine Gas Supply Issues 220
Jun 24, 2015: RWE temporarily halts Nordsee Ost offsore wind farm due to blade break 221
Jun 18, 2015: World’s 2nd largest offshore wind farm Gwynt y Mor officially inaugurated 221
Jun 04, 2015: European Court of Justice supports German nuclear fuel tax as legal 222
May 15, 2015: Government Of Ukraine: PM Hopes That Volumes And Price Of Gas For Ukraine To Be More Competitive 222
May 11, 2015: Energy ministers of the G7 Group officially inaugurate Nordsee Ost offshore wind farm 223
Apr 03, 2015: RWE disconnects Emsland nuclear power plant from grid due to small leakage 224
Mar 30, 2015: RWE to close Littlebrook oil-fired power plant on March 31, 2015 224
Mar 20, 2015: Proposals of Federal Ministry for Economic Affairs and Energy endanger the future survival of lignite 224
Mar 04, 2015: RWE extends Peter Terium‘s mandate as Chief Executive Officer of RWE AG to 2021 / Uwe Tigges reappointed as member of RWE AG Executive Board 225
Jan 27, 2015: RWE to close Gundremmingen B reactor in 2017 225
Jan 27, 2015: German court to announce nuclear phase out decision in 2015 226
Dec 29, 2014: All wind turbines installed at Nordsee Ost offshore wind farm 226
Dec 22, 2014: Bedburg and RWE commission wind farm construction stage one 226
Dec 08, 2014: RWE delays start up of Eemshaven A coal-fired unit in Netherlands 227
Nov 21, 2014: RWE and ABB unveil new line voltage regulator 227
Oct 30, 2014: Conergy Connects RWE’s First UK Solar Farm 228
Oct 29, 2014: RWE restarts Didcot B5 gas-fired power unit in UK 228
Oct 27, 2014: World’s longest superconductor cable yields first new technological knowledge 228
Oct 14, 2014: Dii is entering a new phase 229
Oct 13, 2014: Halfway through the turbine installation for the Nordsee Ost offshore wind farm 229
Oct 13, 2014: RWE launching its “Zukunftswochen” campaign today 230
Sep 26, 2014: Marga Edens appointed to position at Energy Academy Europe 230
Sep 17, 2014: RWE says technical snag becomes hindrance in completion of coal-fired TPP in Germany 231
Sep 12, 2014: RWE placed in Dow Jones Sustainability Index again 231
Sep 12, 2014: RWE: First wind turbine installed at Königshovener Höhe 231
Sep 03, 2014: modern energy technologies as an opportunity for Poland’s development 231
Aug 25, 2014: RWE seeks damages over losses on closure of nuclear reactors 232
Aug 23, 2014: Ministry Of Petroleum, Egypt: Starting Natural Gas Production From The Gas Treatment Plant At Dosouq Field 232
Aug 23, 2014: Starting natural gas production from the Gas Treatment plant at Dosouq field 232
Jul 24, 2014: RWE expands the range of transparent EEX information with data from its power plants in Belgium and the Netherlands 233
Jul 07, 2014: Bladt Industries: Load out of the Nordsee Ost substation 233
Jul 01, 2014: New milestones reached by RWE’s offshore wind farms under construction 233
Jun 26, 2014: RWE continues to expand in Eastern Europe 234
May 26, 2014: RWE starts construction of Zuidwester wind farm with world’s largest onshore wind turbines 234
Apr 15, 2014: RWE supplies Ukraine with natural gas 235
Apr 03, 2014: RWE starts first phase of 67MW wind project in Germany 235
Apr 01, 2014: RWE renews credit line 235
Mar 13, 2014: RWE Dea continues successful development of gas resources in Egypt 235
Feb 25, 2014: RWE Executive Board to forgo part of compensation 236
Feb 17, 2014: RWE Gasspeicher stops expansion of natural gas storage facility Stassfurt 236
Dec 02, 2013: RWE’s gas price reduction in spring now followed by 20% power price reduction 236
Oct 07, 2013: RWE delays construction work at Hamm-D coal-fired power plant in Germany 237
Aug 12, 2013: RWE shuts down fifth of its natural gas-fired electricity generation capacity in Germany due to unfavorable market condition 237
Jul 11, 2013: RasGas Delivers First LNG Cargo To Mexico 237
Jun 27, 2013: RWE Provides Update On Long-term Gas Supply Contract With Gazprom 237
Jun 12, 2013: RWE Plans To Mothball Some Power Plants Due To Unfavorable Market Conditions 237
May 31, 2013: RWE To Stop Electricity Generation At Unit 1 Of Littlebrook Oil-fired Power Plant In UK 238
Mar 06, 2013: RWE To Stop Operations Permanently At 2,000 MW Coal-fired Power Plant In Britain, UK 238
Feb 27, 2013: Changes on Supervisory Board and Executive Board of RWE AG 238
Jan 14, 2013: RWE Commissions Gazelle Gas Pipeline In Czech Republic 238
Oct 19, 2012: Sterling Resources Provides Breagh Field Operations Update 239
Aug 19, 2012: UK May Not Allow China To Be Majority Partner In Horizon Nuclear Power Project 239
Aug 15, 2012: RWE Commissions BoA 2&3 Power Plant In Grevenbroich-Neurath, Germany 239
Aug 14, 2012: RWE’s New Program To Affect 2,400 Jobs 240
Aug 13, 2012: RWE Submits Bids To Construct Plomin Thermal Power Plant In Istria, Croatia 240
Jul 31, 2012: RWE And Turcas Petrol To Commence Commercial Operations Of 775 MW CCPP In Turkey By December 2012 240
Jul 25, 2012: RWE To Delay Proposed Innogy Nordsee 1 Offshore Wind Farm In Germany Until 2013 241
Jul 09, 2012: Latrobe Magnesium Announces Successful Processing Of Brown Coal Lignite Fly Ash Samples From RWE 241
Jul 04, 2012: German Court Clears Way For RWE To Sue Hesse State Government On Biblis Shutdown 241
Jul 04, 2012: Delays In Grid Connection May Threaten RWE’s German Clean-energy Goals 241
Jul 03, 2012: RWE Commissions SIPOS Aktorik Electric Actuators At Eemshaven Power Plant In Netherlands 242
Jul 02, 2012: RWE Reconnects Emsland Nuclear Power Plant To Grid 242
Jul 02, 2012: Wagenborg Nedlift Starts Construction Of Wind Turbines At Eemshaven, Netherlands 242
Jun 27, 2012: RWE Mulls Option Of Mothballing Some Old Coal- And Gas-fired Power Projects Due To Low Power Prices 242
Jun 20, 2012: RWE Receives Final Approval To Complete Construction Of Eemshaven Power Plant In Netherlands 242
Jun 17, 2012: RWE Decides Not To Build New Nuclear Power Plants 243
Jun 15, 2012: Wagenborg Nedlift To Erect Two Wind Turbines At Eemshaven, Netherlands 243
Jun 12, 2012: Utilities Seek €15 Billion In Damages From Germany For Phasing Out Nuclear Power 243
Jun 06, 2012: RWE Supplies Wind Power To German Football Federation Media Centre 243
May 18, 2012: Statoil Shuts Snohvit LNG Plant For Maintenance 244
May 15, 2012: Digi Provides Smart Energy Device Platform For German ‘E-DeMa’ Smart Grid Pilot 244
May 11, 2012: RWE To Submit Application For Dismantling Biblis Nuclear Power Plant In Germany 244
Jan 23, 2012: DELTA Postpones Plans To Construct Nuclear Power Plant In Netherlands 245
Dec 22, 2011: RWE Terminates Talks With Gazprom On Potential Joint Venture For Power Stations 245
Dec 15, 2011: Endesa Takes Part In MACPLUS Project To Develop Critical Materials For Thermal Power Plants 245
Sep 20, 2011: RWE Postpones Plans To Construct Combined Cycle Gas And Steam Power Project Near Prague, Czech Republic 245
Sep 16, 2011: RWE To Shut Gundremmingen C Nuclear Reactor For Annual Maintenance 245
Aug 05, 2011: E.ON, RWE And WindMW Present Plans For Operations Base On Heligoland For Offshore Wind Power Plants 246
Jul 28, 2011: RWE Reports ‘First Fire’ At Claus C And Moerdijk 2 Power Plants 246
Jul 18, 2011: DNV Releases New Guideline For CCS Projects 247
Jul 14, 2011: Gazprom Signs MoU With RWE On Strategic Partnership In Power Generation In Europe 247
Jun 23, 2011: RWE Closes Third Power Auction For 2011 248
Jun 22, 2011: E.ON And RWE File Petition To Prevent Tax On Gundremmingen Nuclear Power Plant 248
Jun 16, 2011: Biblis Block B Nuclear Power Plant Will Not Return To Grid After Inspection: RWE 248
May 30, 2011: RWE Starts Engineering Work At Tilbury Coal-Fired Power Station To Covert It Into Biomass Plant In Essex, UK 248
May 13, 2011: RWE Collaborates With Russian Partners On Energy Research 248
May 09, 2011: RWE Opens Staythorpe Combined-Cycle Gas Turbine Power Station 249
May 05, 2011: RWE’s 1,284 MW Gundremmingen B Nuclear Reactor Indicates Malfunction 249
Apr 29, 2011: KGG To Shut Block B Reactor Of Gundremmingen Nuclear Power Plant For Maintenance Work 249
Apr 15, 2011: RWE Equips Amsterdam With Charging Stations For Electric Vehicles 249
Apr 13, 2011: RWE Holding And Turcas Elektrik Conduct Ground Breaking Ceremony For New Natural Gas CCPP In Kaklik, Turkey 250
Apr 01, 2011: European Commission Kicks Off Green eMotion Initiative 250
Mar 31, 2011: RWE To File Lawsuit Against German Government Nuclear Moratorium 251
Mar 15, 2011: RWE To Shut Biblis A Nuclear Power Plant 251
Feb 17, 2011: RWE To Commission Gas-Fired Power Plant In Turkey By End Of 2012 251
Jan 21, 2011: Essent’s 50% Stake In Borssele NPP Cannot Be Transferred To RWE: Netherlands High Court 252
Jan 20, 2011: GDF SUEZ, RWE And Iberdrola To Discontinue Participation In Cernavoda Nuclear Power Plant 252
Nov 05, 2010: RWE Delays Restart Of Gundremmingen B Nuclear Reactor 252
Sep 06, 2010: RWE Welcomes Political Decision On Nuclear Energy Policy 252
Aug 12, 2010: RWE To Review Its Investment Plans In Low Carbon Power Plant And Smart Grid Infrastructure 253
Aug 04, 2010: OMV Says Final Investment Decision On Nabucco Gas Pipeline By Q1 2011 253
Jul 01, 2010: RWE Appoints Michael Neff To Management Board Of RWE IT 253
Jun 21, 2010: Nissan Joins Renault-RWE Zero-Emission Mobility Partnership 253
Jun 07, 2010: Essent Publishes Data About Total Capacity Of Power Plants In Netherlands 254
Jun 04, 2010: RWE To Shut 1.3GW Emsland Nuclear Power Plant For Maintenance 254
May 09, 2010: RWE Purchases 4.8TWh Residual Generation Quota From E.ON Kernkraft’s Stade NPS 254
May 06, 2010: RWE Offers 10% Cheaper Electricity To Czech Republic Customers 254
May 03, 2010: RWE To Construct Gas-Fired Power Station In Western Turkey 255
Apr 28, 2010: Germany Raids On Companies To Investigate On Carbon-Permit Fraud 255
Mar 26, 2010: Nabucco Pipeline To Flow First Gas In 2014 255
Feb 18, 2010: RWE Group’s National Company In Turkey Appoints Dr. Ralph Jaeger As CFO 255
Feb 03, 2010: Aker Solutions Confirms GBP115 Million Power Project As Biomass Renewable Plant In Scotland 256
Dec 30, 2009: RWE Technology Now Responsible For Construction And Modernization Of All Power Plants Within Group 256
Dec 22, 2009: BEH Opens Tender For Consultant For Belene Nuclear Project In Bulgaria 256
Dec 09, 2009: RWE Delays Restart Of 1.2 GW Biblis A Nuclear Reactor 257
Nov 25, 2009: OMV Says Nabucco Takes Priority Over Russia’s South Stream Pipeline 257
Oct 22, 2009: Nabucco Gas Pipeline International Intensifies Dialogue With Potential Lenders 257
Oct 13, 2009: OMV, RWE Welcome France’s Interest In Joining Nabucco Pipeline Project 258
Oct 02, 2009: RWE Estimates To Restart 1.2 GW Biblis B Nuclear Reactor In November 2009 258
Aug 24, 2009: RWE-KW JV To Construct 800MW Coal-Fired Power Plant 259
Aug 20, 2009: Carbon Capture Plant Opens At RWE’s Coal Innovation Center 259
Aug 14, 2009: RWE, Energy Traders Seek French Plan For Nuclear Information 259
Aug 13, 2009: RWE Stands By Bulgarian Nuclear Power Plant Construction Commitment 260
Jul 28, 2009: RWE To Restart Emsland Nuclear Reactor 260
Jul 24, 2009: RWE Shuts Its 1,1330 MW Emsland A Nuclear Reactor 260
Jul 15, 2009: RWE To Restart Biblis B Nuclear Reactor After Refitting Sump Filters 260
Jul 08, 2009: GERB To Continue Construction Of Belene Nuclear Power Plant In Bulgaria 261
Jun 26, 2009: RWE Shuts Its Gundremmingen B Nuclear Plant For Planned Maintenance 261
Jun 02, 2009: Rolls-Royce Bags $98 Million Contract For Trent 60 WLE Combustion Engines 261
May 28, 2009: Russia Grants EUR3.8 Billion Loan For Belene NPP In Bulgaria 262
May 01, 2009: RWE Appoints Manfred Schneider As New Supervisory Board Chairman 262
Apr 21, 2009: Bulgaria’s Opposition Party Asks To Stop Belene Nuclear Project 262
Apr 20, 2009: RWE To Invest $652 Million In Wind Farms In Poland 263
Apr 14, 2009: Iraq To Supply Gas For Nabucco Project 263
Mar 17, 2009: Essent, RWE Announce Management Changes 264
Feb 23, 2009: Westinghouse, RWE In Negotiations To Construct Three Nuclear Reactors In North Wales 264
Feb 14, 2009: RWE Plans To Invest In Dutch Nuclear Power Plants: RWE’s CEO Reports 265
Feb 13, 2009: RWE Appoints New Executive Board Member 265
Jan 20, 2009: Russian Gas Reduction To Prompt Croatia LNG Project 265
Nov 10, 2008: Hungarian Parliament Approves New Energy Tax 266
Nov 03, 2008: Siemens And RWE Announce The Commissioning Of Virtual Power Plant 266
Sep 30, 2008: RWE Announces Name Change Of Its Subsidiary 267
Sep 18, 2008: RWE Appoints Executive Board Member 267
Sep 05, 2008: Daimler And RWE Launches Battery-Powered Electric Cars 267
Aug 19, 2008: RWE Innogy Appoints Advisory Board Member 268
May 31, 2008: RWE Seeks Settlement With European Commission 269
Mar 04, 2008: RWE Supervisory Board Passes Resolution On Executive Board Change 269
Sep 20, 2007: RWE Appoints New CEO 269
May 14, 2007: Stoen Changes Its Name To RWE Stoen 269
Nov 20, 2006: RWE Appoints CIO 270
Jan 21, 2004: WEF Launches Global Greenhouse Gas Register 270
Oct 31, 2017: Australia’s Woodside To Supply Up To 12 LNG Cargoes To Germany’s RWE 271
Mar 28, 2017: RWE extends EEX Market Making agreement to Spanish, French and Italian Power 271
Feb 18, 2016: Gilkes Signs Contract For 12th RWE Project 272
Oct 29, 2015: Siemens receives order for offshore wind power plant in the United Kingdom 272
Jul 07, 2015: One of Germany’s Largest Power Utilities Selects Verisae for Mobile Workforce Management 273
Nov 12, 2014: Westinghouse to Supply Fuel to German Nuclear Reactors 274
Sep 30, 2014: GENUSA Selected by RWE and E.ON for Fuel Reloads at Gundremmingen Unit C 274
Sep 15, 2014: AREVA wins a contract to supply fuel assemblies to the German utility RWE 274
Jul 16, 2014: Landis+Gyr and RWE sign Smart Meter Deal for Poland 274
Jun 10, 2014: Germany: RWE awards inspection for Emsland Nuclear Power Plant to AREVA 275
Sep 11, 2013: Ukrainian Naftogaz and RWE Sign New Agreement 275
Jul 02, 2013: Bladt supplier of Nordsee Ost platform 276
Jan 29, 2013: AMSC To Supply High Temperature Superconductor Wire To Nexans 276
Jan 14, 2013: Palfinger Wind Receives Order For Nordsee Ost Offshore Wind Park 276
Nov 02, 2012: Naftogaz Signs Gas Supply Contract With RWE 277
Sep 10, 2012: MAN Diesel & Turbo To Deliver Complete Compressor System For RWE’s Stassfurt Gas Storage Facility 277
Sep 06, 2012: Axys Wins Contract To Supply Two TRIAXYS Buoys To Assist RWE At Nordsee Ost Wind Farm 277
Jul 12, 2012: AREVA To Supply Fuel Assemblies For Nuclear Power Plants In Germany 278
Jul 25, 2011: RWE And Deutsche Bahn Sign Long-Term Supply Contract For Hydropower 278
Oct 08, 2010: RWE Says Final Investment Decision On Nabucco Gas Pipeline In 2011 278
Jul 06, 2010: Saxlund And Canning Conveyor Receive Biomass Fuel Handling System Contract From Aker Solutions 278
Oct 30, 2009: METKA Signs EPC Contract With RWE & Turcas For Construction Of 775MW Power Plant In Turkey 279
May 27, 2009: Rolls-Royce Bags EUR70 Million Trent Generating Sets Contract from RWE 279
May 27, 2009: Rolls-Royce Wins EUR70 Million Trent Contract To Power German Power Station 279
Jun 04, 2008: GE Energy Signs Agreement With RWE For Gas Turbines At UK Industrial Power Plants 280
Apr 23, 2008: Alstom Receives Contract From RWE To Supply Boilers For Coal-Fired Plant In Germany 280
Apr 21, 2008: Siemens Receives Orders From RWE For Two Wind Farms In Poland 281
Mar 20, 2008: Shaw Group Selected By RWE As Partner For Power Generation Program In UK 281
Jul 10, 2007: Siemens Gets Order For Offshore Wind Farm In Britain 281
Mar 09, 2007: Nordex Wins Three Contracts From RWE 282
Jan 20, 2006: Nordex Receives Orders From Flack Renewables And RWE 282
Appendix 284
Report Scope 284
GlobalData Coverage 284
Benchmarking 284
GlobalData’s Methodology 284
Secondary Research 284
Primary Research 285
Contact Us 285
Disclaimer 285

List of Tables
RWE AG, Key Facts 13
RWE AG, Operational Metrics, Capacity 14
RWE AG, Operational Metrics, Generation 14
RWE AG, Operational Metrics, Segmental Information 15
RWE AG, Operational Metrics, Sales 15
RWE AG, Wind Farms, United Kingdom 16
RWE AG, Solar PV Parks, Germany 33
RWE AG, Hydro Power Plants, Luxembourg 34
RWE AG, Biopower Plants, United Kingdom 42
RWE AG, Thermal Power Plants, Germany 44
RWE AG, Commercial Reactors, United Kingdom 51
Major Products and Services 54
RWE AG, SWOT Analysis 67
RWE AG, Ratios based on current share price 70
RWE AG, Annual Ratios 70
RWE AG, Interim Ratios 72
RWE AG, Key Employees 73
RWE AG, Subsidiaries 75
RWE AG, Deals Summary 78
Innogy Acquires Remaining 50% Stake in Triton Knoll Offshore Wind Farm in UK from Statkraft 81
Innogy Acquires Dromadda Beg Wind Farm in County Kerry, Ireland 82
innogy to Acquire Remaining 75% stake in Teesside B Offshore Wind Farm in England, UK from Statoil and SSE in Asset Swap Transaction 83
RWE Acquires Kencot Hill Solar Power Project In Oxford, England From Conergy 85
RWE Npower Invests US$1,624 Million In Pembroke CCGT Power Station, Wales, UK 86
RWE Invests US$3,200 Million In BoA 2&3 Coal Power Plant In Germany 87
Scottish and Southern Energy And RWE npower Invests US$2,536 Million In Greater Gabbard Offshore Wind Farm, UK 88
Heliatek Raises USD17.7 Million in Series D Venture Financing 89
Fresh Energy Raises USD3.5 Million in Venture Financing 91
Heliatek Raises USD46.9 Million in Series D Venture Financing 92
Bidgely Raises USD16.6 Million in Series B Financing 94
Grand Duchy of Luxembourg and Ardian Consortium Completes Acquisition of 28.4% Stake in Enovos International from RWE and E.ON 96
Bin Butti International Investment Forms Partnership with RWE 98
Hrvatska Elektroprivreda to form Joint Venture with RWE 99
Innogy Raises Funds in IPO 100
Innogy Raises USD1 Billion in Public Offering of 1.25% Bonds Due 2027 102
Innogy Raises USD799.6 Million in Public Offering of Bond Due 2025 103
RWE Raises USD500 Million in Private Placement of 6.625% Bonds Due 2085 104
RWE Raises USD1.32 Billion in Private Placement of Bonds Due 2075 105
RWE Completes Private Placement Of 3.5% Bonds, Due 2037, For US$140 Million 106
RWE Completes Public Offering Of 1.875% Bonds Due 2020 For US$1 Billion 107
RWE Completes Public Offering Of 7% Bonds Due 2072 For US$500 Million 108
RWE Completes Private Placement Of 5% Bonds Due 2072 For US$156 Million 109
RWE Completes Private Placement Of 5% Bonds Due 2072 For US$166 Million 110
RWE Completes Public Offering Of 4.75% Bonds Due 2034 For US$918.5 Million 111
Statoil and SSE to Acquire Remaining 25% Stake in Creyke Beck A, Creyke Beck B and Teesside A Offshore Wind Farms in England, UK from innogy in Asset Swap Transaction 112
Energeticky a prumyslovy to Acquire Lynemouth Coal Fired Power Plant in Northumberland, England, UK from RWE 114
Foresight Solar Fund Acquires Kencot Hill Solar Power Plant in UK from RWE Supply & Trading 115
Statkraft Acquires 50% Interest in Triton Knoll Offshore Wind Farm in UK from RWE 116
Greencoat To Acquire Portfolio Of Wind Farms From SSE And RWE In UK 117
Hitachi Acquires Horizon Nuclear Power From E.ON And RWE For US$866 Million 119
BASF Antwerpen Acquires 50% Equity Stake In Zandvliet Power From RWE 121
RheinEnergie Acquires 24.6% Equity Stake In Rostock Hard Coal Fired Power Plant From RWE 122
RWE Sells 90% Equity Stake In Wind Power Project To Sabloal Energie 123
RWE International Acquires BELECTRIC Solar & Battery from Belectric Holding 124
RWE Acquires VSE 126
Dalkia And PGGM Completes Acquisition of Essent Local Energy Solutions From RWE 127
RWE To Sell 26.7% Stake In Pfalzwerke 129
City of Koblenz And Regional Utilities Consortium Completes Acquisition Of KEVAG, Power Generation And Distribution Company, From RWE, For US$291 Million 130
Hitachi Acquires Horizon Nuclear Power from RWE Npower and Horizon Nuclear Power for USD1.1 Billion 132
RWE Completes Sale Of 19.33% Stake In VSE For US$103 Million 134
RWE Sells 74.9% Stake In Amprion 135
Atkins Acquires Technical Services Scotland 138