Niederaussem’s RWE has cancelled a planned coal-fired power station as it turns towards a renewables-focused strategy. The utility abandoned plans to replace coal-fired units at the Germany power plant with a lignite power station, with CEO Rolf Martin Schmitz stating such policies "no longer have a place" in the company's roadmap. RWE will pursue clean energy generation, with an intention to build 2-3 GW of renewable capacity annually, following an asset swap with EON, which will make RWE Europe's largest renewables developer. It will, however, continue to invest in gas-fired power.
Germany’s RWE has cancelled a planned coal-fired power station as it turns towards a renewables-focused strategy. The utility abandoned plans to replace coal-fired units at the Niederaussem power plant with a lignite power station, with CEO Rolf Martin Schmitz stating such policies "no longer have a place" in the company's roadmap. RWE will pursue clean energy generation, with an intention to build 2-3 GW of renewable capacity annually, following an asset swap with EON, which will make RWE Europe's largest renewables developer. It will, however, continue to invest in gas-fired power.