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☆ Key question around the green transition is affordability, says RWE CEO
▼ + stars: | 2024-04-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKey question around the green transition is affordability, says RWE CEOMarkus Krebber, CEO of RWE, discusses the green transition and geopolitical tensions.

Persons: Markus Krebber

☆ RWE has the financial opportunity to invest in green technology, says CEO
▼ + stars: | 2023-11-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRWE has the financial opportunity to invest in green technology, says CEOMarkus Krebber, CEO of RWE, discusses the company's investment in renewables, as it plans to invest 55 billion euros worldwide between 2024 and 2030.

Persons: RWE, Markus Krebber

We are growing but nowhere near fast enough," said Ben Blackwell, CEO of the Global Wind Energy Council. In June, Siemens Gamesa said quality problems at its two most recent onshore wind turbines would cost 1.6 billion euros ($1.7 billion) to fix. "The ratio between risk and reward is out of line in the offshore wind market in many jurisdictions. You can see this from investors not showing up," the Global Wind Energy Council's Blackwell told Reuters. "The situation in U.S. offshore wind is severe," Orsted CEO Mads Nipper said last month.

Persons: Pascal, Jon Wallace, WindEurope, Markus Krebber, Germany's, Ben Blackwell, Rob West, Siemens Gamesa, Fraser McLachlan, McLachlan, Jochen Eickholt, Wallace, Energy Council's Blackwell, Denmark's Orsted, RWE's Krebber, Joe Biden's, Mads Nipper, Nina Chestney, Nichola Groom, Christoph Steitz, Nora Buli, Francesca Landini, Toby Sterling, David Clarke Organizations: REUTERS, Rights, European, Jupiter Asset Management, EU, Shell, Siemens, LinkedIn, Wind Energy, Thunder Said Energy, GCube Insurance, Bloomberg New Energy Finance, Energy, Reuters, European Commission, Thomson Locations: Le Havre, Normandy, France, European Union, Britain, Netherlands, Norway, Ukraine, Jupiter, U.S, Los Angeles, Frankfurt, Milan, Amsterdam

☆ We need a stable, long-term investment framework: RWE CEO
▼ + stars: | 2023-06-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe need a stable, long-term investment framework: RWE CEOMarkus Krebber, CEO of German energy company RWE, discusses how much progress has been made in the renewable energy push.

Persons: Markus Krebber

☆ German liquefied natural gas capacity may not be fully utilised-RWE CEO
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +2 min

Companies Rwe Ag FollowFRANKFURT, March 8 (Reuters) - Germany's liquefied natural gas infrastructure may end up not being fully utilised, the chief executive of the country's top utility said in an interview, but added that simply having the import capacity was key to avoid a possible fuel supply squeeze. The comments by RWE (RWEG.DE) CEO Markus Krebber, made in a joint interview with German magazines Der Stern and Capital, came in response to the notion that Berlin may have overshot the mark with existing LNG capacity plans. "It may be that the LNG terminals are not fully utilised. Krebber said that Russia, which fully stopped gas supplies via the Nord Stream 1 pipeline at the end of August, was still fulfilling supply obligations via the alternative Ukraine pipeline. Germany said on Friday that the rollout of its LNG infrastructure would exceed the 9.8 billion euros ($10.40 billion) for the 2022-2038 period approved by the Bundestag lower house of parliament.

European gas prices rallied in the run-up to Moscow's invasion of Ukraine begun almost exactly a year ago and they leapt to record highs when Russia subsequently cut supplies of relatively cheap pipeline gas. Although European prices have eased to around 50 euros ($53) per megawatt hour (MWh) from last August's peak of more than 340 euros, they remain above historic averages. That was even when they had received significant levels of Russian gas on long-term contracts prior to the shut down of the Nord Stream pipeline to Germany in August. Nord Stream's closure drove up European gas prices, as well as liquefied natural gas (LNG) prices, which also hit record levels of around 70 million British thermal units (mmBtu), compared with around $16 now . That could be tricky as the fall in gas prices this year has reduced the incentive to avoid the fuel.

☆ Germany and Norway plan hydrogen pipeline
▼ + stars: | 2023-01-05 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —Germany just took a step closer to finding a long-term, greener replacement for Russian natural gas and coal. The power plants, jointly owned by RWE and Equinor, will initially run on natural gas produced in Norway before transitioning to “blue” hydrogen, also produced in Norway using natural gas and pumped through the underwater pipeline, the companies said. The ultimate aim is to generate so-called “green” hydrogen using renewable energy produced by offshore wind farms, they said, without providing target dates. The European Union has a target to build a 40 gigawatt renewable hydrogen production capacity by 2030. Norway is now Europe’s biggest supplier of natural gas, according to EU official statistics.

☆ Germany's half-a-trillion dollar energy bazooka may not be enough
▼ + stars: | 2022-12-15 | by ( Christoph Steitz | ) www.reuters.com time to read: +8 min

Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis nine months ago. The money set aside stands at up to 440 billion euros ($465 billion), according to the calculations, which provide the first combined tally of all of Germany's drives aimed at avoiding running out of power and securing new sources of energy. That equates to about 1.5 billion euros a day since Russia invaded Ukraine on Feb. 24. Energy rationing is a risk in the event of a long cold spell this winter, Germany's first in half a century without Russian gas. There's no security in sight either, with the push to build up of two alternatives to Russian fuel - liquefied natural gas (LNG) and renewables - years away from targeted levels.

☆ RWE CEO: optimistic power supply will remain stable during winter
▼ + stars: | 2022-12-10 | by ( ) www.reuters.com time to read: +2 min

Companies Rwe Ag FollowUniper SE FollowFRANKFURT, Dec 10 (Reuters) - RWE (RWEG.DE), Germany's top power producer, is fairly optimistic the country's power supply will remain stable during the winter months, its chief executive told a newspaper. "Germany will export more electricity to France this winter than ever before," Markus Krebber told Rheinische Post, referring to the fact that the neighbouring country has taken a record number of nuclear stations offline for checks. "The problems of the French nuclear power plants are also the reason why so many gas-fired power plants are running here. Nevertheless, I am reasonably optimistic that we will get through the winter well in terms of electricity." Turning to gas supply, where Germany is facing the first winter without fuel from Russia in five decades, Krebber said it all came down to temperatures.

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