Published: 21 January 2019 21 January 2019
RWE has established major milestones for successfully setting up its global renewables business. These decisions allow the transaction with E.ON announced in March 2018 to make further inroads. As a result of the transaction, through which the renewables activities of E.ON and innogy will be combined under the roof of RWE, the company will become a global player in this field.
The two companies’ portfolios of 8.6GW net owned capacity, which complement each other = in terms of technology and market presence, form the basis from which to expand this position. About € 1.5 billion net will be provided annually for investment. RWE’s future renewables strategy envisages global activities mainly in the three leading technologies: wind onshore, wind offshore and solar PV. RWE’s renewables business will focus on the Americas, the key markets in Europe and new markets in the Asia-Pacific region. The company pursues an integrated value chain approach in the renewable energy business: development, engineering, construction, operation and commercialisation.
To implement the strategy, the renewables operations of E.ON and innogy are to be combined in a company with three operating divisions at RWE. The renewables company’s management team headed by Anja-Isabel Dotzenrath as Chief Executive Officer (CEO) will consist of Holger Himmel as Chief Financial Officer (CFO) and Tom Glover as Chief Commercial Officer (CCO), who will be in charge of the commercial management of, and marketing electricity from, the renewable assets. The team will be completed by three Chief Operating Officers (COOs), who will head the operational units and be responsible for project development as well as construction and operations. Sven Utermöhlen has been nominated as COO Wind Offshore Global. The position of COO Wind Onshore and Solar PV Americas is to be filled by Silvia Ortín Rios. For Wind Onshore and Solar PV Europe & Asia-Pacific, the COO will be Katja Wünschel.