News Digest Item
14 Nov 2017

RWE is looking to make billions in profits this year


German energy utility RWE earned profits of 2.2 billion euros in the first nine months of 2017, the company announced. After record losses of 5.7 billion euros in the full year 2016, the company profited from higher prices in energy trade, and from a government pay-back of the nuclear fuel rod tax. The operating profit from RWE’s power sales, brown coal businesses, and nuclear power fell due to low wholesale electricity prices.
RWE’s green spin-off innogy registered a five percent increase in its adjusted operating result.

Read the RWE press release in English here.

See the CLEW dossier Utilities and the energy transition for background.

All texts created by the Clean Energy Wire are available under a “Creative Commons Attribution 4.0 International Licence (CC BY 4.0)” . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.

Journalism for the energy transition

Get our Newsletter
Join our Network
Find an interviewee