The strategy of the Dax Group is largely geared towards renewable energies.
(Photo: RWE)
Dusseldorf At this year’s RWE Annual General Meeting, the mood is likely to be better than it has been for a long time. Profits are bubbling up at the Essen-based group. Incidentally, RWE also celebrated its 125th anniversary at the end of April. Today there is hardly anything left of the small Essen municipal utility. RWE is now one of the largest energy companies in the world. And the business in the midst of upheaval.
The last nuclear power plant has been shut down, the phase-out of coal has been sealed and the new strategy is largely geared towards green energies. Two worlds have long since collided in the former mining company: the old coal mentality in the Ruhr area on the one hand and the international culture of renewables on the other.
It is clear in which direction it should go. Little remains of the mining tradition on the site. According to its company history, RWE has always been an “electric start-up”, it says there.
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