A strong set of first quarter results with RWE reporting material progress in the different business units and particularly in hydro/biomass/gas, as well as in the supply & trading activities. Despite the additional green capacities installed further to the acquisition of Con Edison Clean Energy in the US notably, the group didn’t manage to post a significant rise in this onshore wind/solar segment, given the lower electricity prices combined with lower wind resources and regulatory intervention ....
12 May 2023
Q1-23: Despite the significant investment in renewables, earnings were driven by hydro/biomass/gas.
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Q1-23: Despite the significant investment in renewables, earnings were driven by hydro/biomass/gas.
A strong set of first quarter results with RWE reporting material progress in the different business units and particularly in hydro/biomass/gas, as well as in the supply & trading activities. Despite the additional green capacities installed further to the acquisition of Con Edison Clean Energy in the US notably, the group didn’t manage to post a significant rise in this onshore wind/solar segment, given the lower electricity prices combined with lower wind resources and regulatory intervention ....