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Traded as FWBRWE
Industry Electric utility
Headquarters Essen, Germany
Key people
Rolf Martin Schmitz (President and CEO), Manfred Schneider (Chairman of the supervisory board)
Products Electricity generation and distribution, renewable energy, natural gas exploration, production, transportation and distribution
Revenue 50.72 billion (2010)[1]
€7.681 billion (2010)[1]
€3.308 billion (2010)[1]
Total assets $108.9 billion (2015)[2]
Total equity €17.42 billion (end 2010)[1]
Number of employees
70,860 (FTE, end 2010)[1]
Subsidiaries Innogy

RWE AG, until 1990: Rheinisch-Westfälisches Elektrizitätswerk AG (Rhenish-Westphalian Power Plant), is a German electric utilities company based in Essen, North Rhine-Westphalia. Through its various subsidiaries, the energy company supplies electricity and gas to more than 20 million electricity customers and 10 million gas customers, principally in Europe. RWE is the second largest electricity producer in Germany, and has increased renewable energy production in recent years.[3]

RWE previously owned American Water, the United States' largest investor-owned water utility, but this was divested in 2008. It also owned RWE Dea (now DEA AG), which produced some of the oil and gas RWE sold (annual production is around 2 million m3 of crude oil (about 365,000 BOE) and 3 billion m3 of natural gas (about 18 million BOE, 49,300 BOE) a day.[4]

RWE confirmed in December 2015 that it would separate its renewable energy generation, power grid and retail operations into a separate company, Innogy SE, during 2016, and sell a 10% holding in the business through an initial public offering. The restructuring was caused by an effort to reduce the group's exposure to nuclear decommissioning costs, required due to a German government policy of closing all nuclear power stations by 2022.[5]


The company was founded in Essen in 1898 as Rheinisch-Westfälisches Elektrizitätswerk Aktiengesellschaft (RWE).[6] Its first power station started operating in Essen in 1900.[6]

In 1900 the local municipalities together owned the majority of the company.[6]

In 2001, RWE took over the British company Thames Water.[7] In 2002, it acquired the British electricity and gas utility company Innogy for £3 billion (US$4.3 billion). Innogy was subsequently renamed RWE npower plc.[8][9]

In 2003 Dr Dietmar Kuhnt was succeeded by Harry Roels as CEO of the company and then in 2007 Dr. Juergen Grossmann took over.

In 2006, RWE sold Thames Water to Kemble Water Limited, a consortium led by Macquarie Group.[10]

On 2 April 2011, about 3,000 people protested outside RWE's headquarters in Essen, as part of a larger protest against nuclear power.[11]

In July 2012, Peter Terium took over as CEO.

On 14 August 2012 RWE AG announced that the company would cut 2,400 more jobs to reduce costs. Previously the company had announced to eliminate 5,000 jobs and 3,000 jobs through divestments as anticipated of closing all nuclear reactors by 2022.[12]

In August 2013 RWE completed the disposal of NET4GAS, the Czech gas transmission network operator, for €1.6 billion to a consortium consisting of Allianz and Borealis.[13]

In March 2015, RWE closed the sale of its oil and gas production unit, RWE Dea, to a group led by Russian billionaire Mikhail Fridman despite opposition from UK regulators. The $5.6 billion deal, announced in 2014, required approval from 14 countries where RWE Dea operates in Europe, the Middle East and Africa.[14]

On 1 April 2016, RWE transferred its renewable, network and retail businesses into a separate company named Innogy, which is listed at the Frankfurt Stock Exchange.[15][16] The new entity combined RWE subsidiaries RWE Innogy, RWE Deutschland, RWE Effizienz, RWE Vertrieb and RWE Energiedienstleistungen.[17]


RWE powerplant in the city of Ibbenbüren

RWE operates in Germany, the Netherlands and the UK.

In the UK RWE fully owns RWE Generation UK plc., which operates a number of coal, natural gas, oil-fired and renewable energy power stations across the UK. The company owns the gas-fired power stations Staythorpe in Nottinghamshire, [[Pembroke Power Station]|Pembroke] in West Wales, Little Barford in Bedfordshire, Great Yarmouth in Norfolk, and Didcot 'B' Station in Oxfordshire, and the coal-fired power station Aberthaw Power Station in South Wales. It has closed its Didcot 'A' Power Station in Oxfordshire, Littlebrook Power Station in Kent, Fawley Power Station in Hampshire, and Tilbury Power Station in Essex.[18]

RWE jointly owns one third of the Urenco Group with E.ON. The remaining stakes are held by the British and Dutch governments, with one-third each.[19]

Fuel mix disclosure

RWE produced in 2007 electricity from the following sources: 32.9% hard coal, 35.2% lignite, 1.1% pumped storage, 2.4% renewables, 13.6% gas and 14.9% Nuclear power.[20] In total, the company produced 324.3 TWh of electricity in 2007,[21] which makes it the 2nd largest electricity producer in Europe, after EdF. Electricity production at the German branch of RWE had in 2006 the following environmental implications: 700 µg/kWh radioactive waste and 752 g/kWh CO2 emissions.[22] In 2010 the company was responsible for 164.0 MTon of CO2,[23][24] In 2007 the company ranked between the 28th and the 29th place of emitters by country.

See also


  1. ^ a b c d e "Annual Report 2010" (PDF). RWE. Retrieved 13 March 2011. 
  2. ^ "The World's Biggest Public Companies". Retrieved 25 October 2017. 
  3. ^ "RWE, Stadtwerke Munchen, Siemens to build wind farm off Welsh coast". 7 June 2010. 
  4. ^ "RWE Dea". Retrieved 20 October 2010. 
  5. ^ Steitz, Christophe (1 December 2015). "Germany's RWE splits to better absorb cost of nuclear plant closures". Reuters. Retrieved 24 February 2016. 
  6. ^ a b c "RWE: History". 
  7. ^ "RWE's £4bn buys Thames Water". The Scotsman. 26 September 2000. Retrieved 24 February 2016. 
  8. ^ "Innogy agrees to German takeover". BBC News. 22 March 2002. Retrieved 25 December 2012. 
  9. ^ "RWE Is Set to Buy Innogy". The New York Times. 18 March 2002. Retrieved 25 December 2012. 
  10. ^ "Thames Water to be sold for £8bn". BBC News. 16 October 2006. Retrieved 24 February 2016. 
  11. ^ "Thousands of Germans protest against nuclear power". Bloomberg Businessweek. 2 April 2011. 
  12. ^ "RWE Announces 2,400 More Job Cuts as Power Demand Slumps". 14 August 2012. 
  13. ^ RWE Annual Report 2013 (PDF). RWE AG. p. 23. 
  14. ^ "Germany's RWE closes $5 billion oil, gas unit sale despite UK opposition". Petro Global News. Retrieved 2 March 2015. 
  15. ^ Chazan, Guy (2016-10-07). "Lacklustre market debut for Innogy". Financial Times. Retrieved 2016-10-08. 
  16. ^ "RWE renewables spinoff Innogy volatile in market debut". Deutsche Welle. 2016-10-07. Retrieved 2016-10-08. 
  17. ^ "RWE renewables subsidiary launched". Windpower Monthly. 2016-04-01. Retrieved 2016-10-08. 
  18. ^ "Our sites in the UK". RWE. Retrieved 25 October 2017. 
  19. ^ Powerhouse of the Uranium Enrichment Industry Seeks an Exit 27 May 2013 NYT
  20. ^ "Renewables within RWE's capacity and generation mix" (PDF). p. 8. 
  21. ^ "Group Electricity Production and Plant Capacity". Retrieved 20 October 2010. 
  22. ^ "RWE electricity label 2006". 
  23. ^
  24. ^ Press release Carbon Market Data: "RWE, Enel and E.ON top the list of European CO2 emitters" (PDF). Archived from the original (PDF) on 11 April 2009. 

Further reading

External links

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