Utility RWE hives off coal and nuclear businesses into separate company
RWE
German utility RWE has reorganised its power generation business by spinning off its lignite and nuclear power operations into a separate company, the company says in a press release. The move was intended to “make our electricity generation companies more flexible, while aligning them more closely to their respective energy sources”, RWE CEO Rolf Martin Schmitz says. The utility’s gas, hard coal, hydroelectric power, and biomass generation businesses will now be pooled within RWE Generation, while RWE Power will run the company’s lignite-fired generation and manage nuclear energy, according to the press release.
Find the press release in English here.
See the CLEW dossier Utilities and the energy transition for background.
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