Renewables set to deliver strong results for German utility group RWE

Share

German energy giant RWE AG said Monday that it expected its renewable energy and infrastructure unit – RWE International SE — to account for up to €4.4 billion in earnings (before interest, taxes, depreciation and amortization) this year.

The group is preparing RWE International SE, also known as Innogy, for an IPO at the end of the year and has combined key corporate segments in the unit, including Grid & Infrastructure and Retail in addition to Renewables.

In its outlook for 2016 and 2017, RWE expects Renewables alone to bring in an EBITDA of up to €600 and €800 million and Grid & Infrastructure to account for up to €2.7 billion while Retail is pegged to deliver as much as €1.2 billion.

In 2017, the company said Innogy would generate an EBIDTA figure of between €4.3 and €4.7 billion.

RWE AG's forecast for total earnings this year — which will also depend on revenues from its Conventional Power Generation and Trading/Gas Midstream segments – remains unchanged, with an EBITDA of €5.2 to €5.5 billion, an operating result of €2.8 to €3.1 billion and adjusted net income of €500 to €700 million.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published.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

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.