Fuel Cell Caravan - The Home of the Future
  • Home
  • Project Details
  • Blog
  • News
  • Contact Us
No Result
View All Result
  • Home
  • Project Details
  • Blog
  • News
  • Contact Us
No Result
View All Result
No Result
View All Result
Fuel Cell Caravan - The Home of the Future
Home NEWS

RWE’s earnings grow in Q1 on strong gas, trading business

admin by admin
April 28, 2023
in NEWS
0
RWE’s earnings grow in Q1 on strong gas, trading business
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


German energy group RWE AG (ETR:RWE) today reported soaring preliminary earnings for the first quarter of 2023 thanks to a surge in the hydro, biomass and gas unit and a stronger performance in the trading segment.

At EUR 2.3 billion (USD 2.53bn), adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) in the core business, comprising renewables and supply and trading, was significantly higher in the first three months of 2023 than a year ago mainly as a result of higher earnings from international power generation in the hydro, biomass and gas segment and additional renewable energy generation capacities. Apart from putting new projects into operation, RWE expanded its portfolio with the acquisition of clean energy operations from Consolidated Edison Inc. which was completed on March 1, 2023.

The sharp increase in the hydro, biomass and gas segment was driven by higher earnings from short-term power plant deployment of the international generation portfolio and higher generation margins. In the onshore wind and solar business, lower electricity prices have led to a decline in earnings while the commissioning of new capacities such as the 342-MW Kaskasi wind park in the North Sea boosted the earnings of RWE’s offshore wind unit.

The outlook for the full 2023 was reiterated.

Below is a table with more details about RWE’s preliminary figures in the first quarter and its outlook for 2023.

The final figures for the first quarter of 2023 will be published on May 11.

(EUR 1 = USD 1.104)

Choose your newsletter by Renewables Now. Join for free!





Source link

LET’S KEEP IN TOUCH!

We’d love to keep you updated with our latest news and offers 😎

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

Previous Post

Watch 2024 Hyundai Ioniq 5 N Go Hard At The Nurburgring

Next Post

Skoda’s cheapest EV will start from €25,000 and will launch in 2025

Next Post
Skoda’s cheapest EV will start from €25,000 and will launch in 2025

Skoda’s cheapest EV will start from €25,000 and will launch in 2025

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Huawei and BAIC’s first luxury EV coming in April
  • Here’s The Rivian R3 Driving Around Laguna Beach
  • Blazer EV price cut, Dodge electric muscle, Rivian R2 and R3: The Week in Reverse
  • Tesla’s Supercharger struggle – short cables and awkward parking for non-Tesla EVs
  • Tesla Is Working On A NACS-To-NACS Extension Cable

Recent Comments

  1. Index Home on First Photo voltaic offloads 141-MW photo voltaic park in Chile to Toesca
  2. bei binance anmelden on ‘You Cannot Drive From Saudi To Chicago’ – Spieth’s LIV Golf Dig After Shopping for RV
  3. Index Home on Gold Star makes request, Brown fights denial and courthouse sprinkler system mentioned at BOC Work Session – Americus Instances-Recorder
  4. Index Home on Audi Activesphere Idea Teased Once more Earlier than Its Reveal
  5. gidromassajnaya vanna_kokt on Masdar signs agreements for up to 8 GW of renewables in Malaysia

Fuel Cell Caravan

Mobile Home Office

Useful Links

  • Terms
  • About
  • Privacy Policy
  • Refund
  • Contact Us
  • News
  • Blog

connect with us on

Facebook Twitter Youtube Linkedin Instagram Whatsapp
No Result
View All Result
  • Home
  • Project Details
  • Blog
  • News
  • Contact Us

© 2023 FuelCellCaravan - All Rights Reserved