|Aktiengesellschaft (FWB: RWE)|
|Peter Terium (President and CEO), Manfred Schneider (Chairman of the supervisory board)|
|Products||Electricity generation and distribution, renewable energy, natural gas exploration, production, transportation and distribution|
|Revenue||€50.72 billion (2010)|
|€7.681 billion (2010)|
|Profit||€3.308 billion (2010)|
|Total assets||€93.08 billion (end 2010)|
|Total equity||€17.42 billion (end 2010)|
Number of employees
|70,860 (FTE, end 2010)|
RWE AG, until 1990: Rheinisch-Westfälisches Elektrizitätswerk AG (Rhine-Westfalia Electricity Factory), is a German electric utilities company based in Essen, North Rhine-Westphalia. Through its various subsidiaries, the energy company supplies electricity and gas to more than 20 million electricity customers and 10 million gas customers, principally in Europe. RWE is the second largest electricity producer in Germany. RWE previously owned American Water, the United States' largest investor-owned water utility, but this was divested in 2008. Subsidiary RWE Dea produces some of the oil and gas its parent sells (annual production is around 2 million m3 of crude oil (about 365,000 BOE) and 3 billion m3 of natural gas (about 18 million BOE, 49,300 BOE a day). It is the largest German investor in Egypt (RWE Dea and RWE Power do business in Egypt). Also RWE has begun building more wind farms, a renewable energy business.
In 1900 the local municipalities together owned the majority of the company.
In 2001, RWE took over the British company Thames Water.
In 2003 Dr Dietmar Kuhnt was succeeded by Harry Roels as CEO of the company and then in 2007 Dr. Juergen Grossmann took over.
In July 2012, Peter Terium took over as CEO.
On 14 August 2012 RWE AG announced that the company would cut 2,400 more jobs to reduce costs. Previously the company had announced to eliminate 5,000 jobs and 3,000 jobs through divestments as anticipated of closing all nuclear reactors by 2022.
In August 2013 RWE completed the disposal of NET4GAS, the Czech gas transmission network operator, for €1.6bn to a consortium consisting of Allianz and Borealis.
In March 2015, RWE closed the sale of its oil and gas production unit, RWE Dea, to a group led by Russian billionaire Mikhail Fridman despite opposition from UK regulators. The $5.6 billion deal, announced last year, required approval from 14 countries where RWE Dea operates in Europe, the Middle East and Africa.
RWE subsidiaries include:
- RWE Power AG
- RWE Energy
- RWE Deutschland AG
- RWE npower
- RWE Dea AG
- RWE Supply & Trading
- RWE IT
- RWE Innogy (new Renewables Company, from February 2008 on)
RWE powerplant in the city of Ibbenbüren
Headquarters of subsidiary RWE Power AG in Essen
RWE Tower in Dortmund
RWE office building in Osnabrück
|Sales||46 633||43 875||42 137||41 189||44 256|
|EBITDA||7 241||8 476||8 400||8 324||7 861|
|Net result||1 050||953||2 137||2 231||3 847|
|Net debt||15 494||17 838||12 385||11 438||6 864|
|Staff||131 765||127 028||97 777||85 928||68 534|
Fuel mix disclosure
RWE produced in 2007 electricity from the following sources: 32.9% hard coal, 35.2% lignite, 1.1% pumped storage, 2.4% renewables, 13.6% gas and 14.9% Nuclear power. In total, the company produced 324.3 TWh of electricity in 2007, which makes it the 2nd largest electricity producer in Europe, after EdF. Electricity production at the German branch of RWE had in 2006 the following environmental implications: 700 µg/kWh radioactive waste and 752 g/kWh CO2 emissions. In 2010 the company was responsible for 164.0 MTon of CO2, In 2007 the company ranked between the 28th and the 29th place of emitters by country.
|Year||Production (TWh)||Emission (Gt CO2)||kg CO2/MWh|
Carmaker Daimler AG and utility RWE AG are going to begin a joint electric car and charging station test project in the German capital, Berlin, called "e-Mobility Berlin". Daimler plans to deploy a fleet of over 100 second-generation Smart ED and Mercedes A-Class E-Cell cars powered by lithium ion batteries.
On 2 April 2011, about 3,000 people protested outside RWE's headquarters in Essen, as part of a larger protest against nuclear power.
- "Annual Report 2010" (PDF). RWE. Retrieved 13 March 2011.
- "RWE Dea". oilvoice.com. Retrieved 20 October 2010.
- "RWE Dea:35 Years of Commitment to Egypt". June 2009.
- "Windmill Boom Cuts Electricity Prices in Europe". 2010-04-23.
- "RWE, Stadtwerke Munchen, Siemens to build wind farm off Welsh coast". 2010-06-07.
- "RWE: History". rwe.com.
- "Innogy agrees to German takeover". BBC News. 22 March 2002. Retrieved 25 December 2012.
- "RWE Is Set to Buy Innogy". The New York Times. 18 March 2002. Retrieved 25 December 2012.
- "RWE Announces 2,400 More Job Cuts as Power Demand Slumps". 14 August 2012.
- Powerhouse of the Uranium Enrichment Industry Seeks an Exit 27 May 2013 NYT
- RWE Annual Report 2013 (PDF). RWE AG. p. 23.
- "Germany’s RWE closes $5 billion oil, gas unit sale despite UK opposition". Petro Global News. Retrieved 2 March 2015.
- "RWE" (in French). opesc.org.
- "Renewables within RWE's capacity and generation mix" (PDF). p. 8.
- "Group Electricity Production and Plant Capacity accessdate=20 October 2010".
- "RWE electricity label 2006".
- Press release Carbon Market Data: "RWE, Enel and E.ON top the list of European CO2 emitters" (PDF).
- "e-mobility Berlin project to provide 500 EV charging points". gizmag.com. 9 September 2008.
- Abuelsamid, Sam (2008-09-05). "Daimler announces deal with RWE, 500 Berlin charging points, lithium Smart — Autoblog Green". Autobloggreen.com. Retrieved 2009-11-10.
- "Thousands of Germans protest against nuclear power". Bloomberg Businessweek. 2 April 2011.
|Wikimedia Commons has media related to RWE.|
- Energy in South East Europe: Corporate Profiles on major investment firms in South East Europe (April 2004) (PDF) of the EU to the 2004 enlargement of the European Union.