Exclusive: RWE CFO maps out planned expansion in renewables, U.S. in focus – Investing.com

This post was originally published on this site

https://lh3.googleusercontent.com/proxy/j2ZI39sZOleleZSyaPEnipZK0ctXPmIddFTNdf6f6_ubVDqv2TCQ78XTqus6P_Mw6XIvRh_KZS4yUIeQA_pfYNHdIywjHb-8p2Er1vnZt92NRzQ7=-w150-h150-c
© Reuters. RWE CFO Markus Krebber attends the annual shareholders meeting of German power supplier RWE in Essen

By Tom Käckenhoff, David French and Vera Eckert

ESSEN, Germany, NEW YORK, FRANKFURT (Reuters) – German utility RWE expects to spend heavily in the U.S. renewable energy market as it maps out its future as a global renewable champion after its pending asset swap deal with peer E.ON.

“We expect to spend several billions of euros on the expansion of the U.S. renewables business in the next few years,” chief financial officer Markus Krebber told Reuters in an interview.

RWE is trying to shed its image as coal-heavy, closing many of its German plants in return for compensation that is yet to be negotiated, and has demonstrated the bulk of its future profits will come from renewables.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

This post was originally published on *this site*