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RWE Promotes Renewable Projects with European Energy

Power News - Published on Wed, 19 Feb 2020

Image Source: group.rwe
Leading energy company RWE and European Energy A/S have entered into a multiyear offtake agreement, that the Danish developer of renewable projects will deliver three TWh of green energy to RWE. The agreement will take effect from 1 January 2024 and run for seven years. In this period, European Energy A/S will supply green power to RWE in Denmark. The agreement provides security to the Danish company to advance the realization of its renewables projects.

RWE is already one of the leading players in the renewables business. The company intends to further expand this position by investing in onshore and offshore wind power, photovoltaics, and storage.

Three TWh of green power over seven year is equivalent to the full annual production of 35 modern wind turbines or the annual output of a 400 MW solar plant for the period. It is comparable to the annual consumption of 115.000 homes.

Source :

Posted By : Rabi Wangkhem on Wed, 19 Feb 2020
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