RWE offsets falling coal generation with RES as H1 earnings rise

摘要

Germany’s biggest power generator RWE offset falling coal generation with new renewables and expects 2020 earnings at the upper end of the range forecast after earnings rose in the first six months despite falling power demand due to the coronavirus crisis, it said Aug. 13. RWE’s fossil-fueled generation fell 19.5 TWh to 38 TWh in the first half led by German lignite and UK gas, it said. Renewables meanwhile rose 9.5 TWh to 15.4 TWh after it integrated E.ON’s green assets, resulting in an overall 18% increase for adjusted group EBITDA to Eur1.8 billion ($2.1 billion), it said. Offshore wind earnings rose almost 20% to Eur585 million mainly due to strong winds in Q1 with the segment forecast to contribute nearly half of annual group earnings, now expected to be toward the upper end of the forecast range of Eur2.15 billion- Eur2.45 billion, it said.