Offshore wind
RWE builds and operates wind farms at sea and sells the electricity they generate into the power market or under long-term contracts.
Customers and revenue model
RWE AG
PSE:RWE
RWE AG
PSE:RWE
Price:
1 385.2
CZK
-2.85%
Market Cap:
Kč1T
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Company Overview
Business Description
- Sector
- Utilities
- Industry
- Utilities
- Headquarters
- Germany DE
- Employees
- 19 969
- IPO date
- Feb 25, 2008
RWE AG is an energy company that makes and sells electricity. It owns power plants and renewable projects such as wind and solar farms, and it also trades electricity and related energy products in wholesale markets. In some markets it sells power and energy services to industrial customers, utilities, and other large buyers.
The company earns money mainly by producing electricity and selling it under long-term contracts or into the market at prevailing prices. It also makes money from developing, building, and operating new power assets, especially renewable projects and flexible generation that can back up wind and solar when the weather changes.
What makes RWE different is its role across the power value chain. It is not just a retailer that buys power and resells it, and it is not just a builder of wind farms. It is a large owner-operator of generation assets that helps keep electricity flowing by combining renewables, trading, and dispatchable plants in one business.
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