RWE launches Innogy

RWE debuted its Innogy business in Frankfurt on Friday morning, as it looks to respond to market forces that have severely impacted its profitability over the last seven years.

Germany’s largest listing in 16 years saw shares rise above their €36 Initial Public Offering (IPO) price shortly after they started trading. This IPO is the biggest in Europe since the flotation of miner and commodities trader Glencore in 2011.
Peter Terium of RWE
RWE chief executive Peter Terium described the listing as "clear evidence for our unique, future-oriented business model."

The new business contains RWE’s renewables, retail and grids businesses and has been formed as utility companies in Germany try to adapt to the country’s radical energy policy – the Energiewende – which prescribes a major shift towards renewables and away from nuclear and fossil fuel power generation.

RWE will continue to manage power generation and energy trading concerns.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...