Germany’s RWE has cancelled a planned coal-fired power station as it turns towards a renewables-focused strategy. The company said on Tuesday that the decision was based on “market and regulatory considerations” but did not give further details. 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.