News Digest Item
29 Nov 2016

RWE CEO Schmitz considers new coal plants economically unviable

Berliner Morgenpost

Investments in new coal plants “won’t pay off” at today’s price levels, RWE’s new CEO Rolf Martin Schmitz said in an interview with Berliner Morgenpost. Asked whether the major German utility would continue to build conventional power plants after channelling its renewable energy business into the green spin-off innogy, Schmitz gave a pessimistic outlook for coal but said that “things are different for gas.” However, the question of continuing investment in conventional power plants was “currently not on the table” for RWE, he added.

For more information about the challenges for Germany’s leading energy providers, see the CLEW dossier Utilities and the energy transition.

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