RWE to double its renewable energy capacity

RWE-HQ

RWE Innogy’s operating result is expected to more than double in 2015. The company has therefore sustainably strengthened its position within the group and on the market as a whole.

RWE is one of the world’s five largest operators of offshore wind farms, with an installed capacity of 2,000 MW.

It now intends to broaden this base by entering new markets and becoming involved in large-scale photovoltaic projects as well as through possible acquisitions. This growth is to be facilitated by the planned flotation of a new unit.

In the renewable energies sector, RWE can also see growth opportunities for onshore wind in new markets such as Ireland, the United States and the MENAT region (Middle East, North Africa and Turkey).

Only recently, at the end of 2015, RWE and the project development division of JinkoSolar, a Chinese manufacturer of solar power modules, qualified to submit a tender for what is currently the region’s largest solar project: an 800 MW photovoltaic facility in Dubai.

For the bidding process, the companies have formed a joint venture, in which RWE holds 51 percent and JinkoSolar 49 percent. When the facility is completed, it will be 60 percent owned by the Dubai Electricity and Water Authority. 40 percent is to be held by one partner or the consortium.

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