12 Jan '12, 1am

RWE plans €5bn renewable energy investment

German energy giant RWE is to invest about €5bn in renewable energy projects over the next four years, as it looks to almost double its installed capacity and prepare for Germany's nuclear shutdown. Fritz Vahrenholt, chief executive of the German utility's renewables arm, RWE Innogy , told reporters earlier this week that new projects would include biomass plants and wind farms in the UK and Poland, as well as a €1bn offshore development in the German North Sea. FURTHER READING BP and Sempra team up for $1bn US wind farm programme RWE seeks alliance to create biomass from CO2 However, the good news was tempered somewhat by confirmation that the company's 295MW Nordsee Ost wind farm is now expected to come online in 2013, rather than the end of this year, after grid connection delays. Varenholt also revealed that RWE is aiming to expand its renewable energy capacity in Pola...

Full article: http://www.businessgreen.com/bg/news/2136842/rwe-plans-eu...

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Energy - Jan 11: Filed under: Energy News

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881 reads Printer-friendly version Published Jan 11 2012 by Energy Bulletin , Archived Jan 11 2012 Energy - Jan 11 by Staf...

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