RWE plans €5bn renewables expansion

13/03/2020 09:51 Renewable


RWE plans to invest €5bn in renewables by 2022 to add 4GW of wind and solar capacity to its portfolio.

The German company said it has 2.7GW currently under construction and has an overall project pipeline of over 20GW.


About 20% of the investments to 2022 will be in Germany, representing about €1bn in value.


The other core growth markets are Europe, North America and Asia-Pacific, RWE said.


In 2020, RWE expects adjusted earnings from offshore wind of between €900m and €1.1bn, compared with €961m in 2019.


Daily (06.07.2020) NBP spot plunged by almost 5% on Friday influenced by an upward revision of the French nuclear output.

06/07/2020 10:40:00

Crude oil prices lost momentum on Friday, on renewed fears over global fuel demand as U.S reported a surge in coronavirus cases. Nevertheless, signs of improving global economy and OPEC+ record high supply cuts limited the loss. As a result, Brent crude decreased by 0.8% to $42.80 a barrel. Similarly, WTI futures traded 1% lower at $40.24 a barrel.


Swinoujscie terminal receives 100th LNG shipment

06/07/2020 10:05:00

The Swinoujscie gas terminal in north-western Poland received its 100th liquefied natural gas cargo on Friday. The 90,000 tonnes LNG shipment came from Qatar Liquefied Gas Company Limited (Qatargas) aboard the Al-Safliya LNG tanker.


Russia's Novak sees global oil output cuts easing from August

06/07/2020 09:56:00

Russian Energy Minister Alexander Novak said on Thursday that the OPEC+ group of oil producers is expected to start easing oil output cuts from August as previously agreed.