RWE: Energy company wants to become greener

Dusseldorf RWE has started to flee to the front. For years, the Essen-based energy company struggled with falling power plant margins. The green subsidiary Innogy has often saved RWE from worse losses. The company now relies entirely on wind instead of coal, on solar power instead of nuclear power, on green instead of brown – at least in theory.

The prices for electricity, gas and other energy sources have been rising massively for months. As a result, RWE’s profits from energy trading are increasing, especially with fossil fuels. Trading in electricity, gas and coal gave the company its best result in years. Meanwhile, wind, solar and biomass profits are falling or even slipping into the red.

RWE is in the middle of the transformation and is financially stable. This is also reflected in the forecast for 2022, which has been raised again, and an increased dividend of 90 cents per share.