Share Price Information and Investment Calculator, Financial Reporting, Presentations & Videos, Shareholders Rights & Additional Information, Articles of Incorporation RWE AG & Rules of Procedure. Select which cookies and pixels we are allowed to use. [17] In 2006, RWE sold Thames Water to Kemble Water Limited, a consortium led by Macquarie Group. RWE has long been among the top targets of climate activists, in part as a result of a long-running, high-profile battle to preserve a forest in western Germany that is threatened by the planned expansion of one of the group’s coal mines. Glassdoor gives you an inside look at what it's like to work at RWE, including salaries, reviews, office photos, and more. ...are necessary for technical reasons to enable the correct functionality of our website. [34] The group is organized around four core areas: In addition to these core areas, there is a Coal/Nuclear segment. RWE was reorganized to hold energy, mining and raw materials; petroleum and chemicals; waste management; mechanical and plant engineering; and construction divisions. In 2019, the company generated 88.1 Mt of CO2. RWE's last coal-fired power station in the UK, Aberthaw Power Station in South Wales, was closed in March 2020. [9][13] In 1952, the company was excluded from the Allies' control. 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. [14], In 2015, a "stumbling block" was placed at this final address in Essen to commemorate his Ricken's fate. Developing, building & operating onshore & offshore windfarms. [23], 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. [10] In 1925, the Prussian state became a shareholder in RWE. The biggest underground gas storage operator in the Czech Republic. [17] In the 2000s, RWE also acquired energy companies in Poland (STOEN S.A.) and Slovenia (VSE a.s). [19] RWE previously owned American Water, the United States' largest investor-owned water utility, but this was divested in 2008. Until its closure in 1985, this plant would serve as a source of important findings which supported the design and operation of commercial nuclear reactors. [27][28] The new entity combined RWE subsidiaries RWE Innogy, RWE Deutschland, RWE Effizienz, RWE Vertrieb and RWE Energiedienstleistungen. [9] Together they created Westfälische Verbands-Elektrizitätswerk AG. They allow you to share interesting content directly with your social media network. [45] In November 2017, in the lawsuit filed by Bund für Umwelt und Naturschutz Deutschland (BUND), the German arm of Friends of the Earth, the Higher Administrative Court in Münster ruled to end the tree cutting. [3][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. In the UK, RWE fully owns RWE Generation UK plc., which operates a number of natural gas and renewable energy power stations across the UK. W. Lahmeyer & Company (EAG) and others. Information about our high performing renewable energy projects in the US. They allow you to share interesting content directly with your social media network. RWE uses 120+ years of experience to support our Chinese business partners with energy challenges. [20][21], As a result of the assets swap with RAG AG, RWE gave away its stake in the power company STEAG. For more information, please refer to our Privacy Policy. RWE AG's headquarters are in Essen. More about the joint venture bet­ween Turcas and RWE AG in Turkey. [9], In the 1990s, RWE acquired a number of assets in the former East Germany, including stakes in the mining company Lausitzer Braunkohle AG (LAUBAG) and the power company VEAG. The Kahl experimental nuclear power plant (15 megawatts), constructed right next to RWE's Dettingen hard coal fired power plant, supplied its first electricity in 1962. ...are necessary for technical reasons to enable the correct functionality of our website. [25] In March 2015, RWE closed the sale of RWE Dea to a group led by Russian billionaire Mikhail Fridman despite opposition from UK regulators. In 1929, municipalities and the Rhine Province combined their shareholdings into a holding company Kommunale Aufnahmegruppe für Aktien GmbH. [9] By the 1920s, Bonn, Cologne, Krefeld, Duisburg, and Düsseldorf also became shareholders and municipalities owned the majority of RWE's shares. RWE's nuclear operations started in 1961, when RWE and Bayernwerk (now part of E.ON) started to build the first German industrial nuclear reactor—the Kahl Nuclear Power Plant.

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