2024-04-22 09:05:49 ET
Summary
- RWE is a German energy company with a total installed capacity of 44.4 GW, engaged in electricity generation through both conventional and renewable sources.
- RWE added 4.2GW of installed wind and photovoltaic capacity in FY23.
- RWE aims to achieve an adjusted EBITDA of €9B, adjusted net income of €3B, and an installed capacity of renewable sources exceeding 65GW by 2030.
- Net Debt/EBITDA ratio of 0.9x as of December 2023 provides flexibility in debt management for future investments.
RWE Ag ( RWNEF ) ( RWEOY) is a German energy company among the leading electricity producers in Europe, with a total installed capacity of 44.4 GW. It is engaged in electricity generation through both conventional (27.8GW) and renewable (16.7GW) sources. The $4.1B acquisition of Con Edison Clean Energy Businesses (CEB) Unit, owner of 3.1 GW of installed capacity, contributed to adding 4.2 GW of renewable installed capacity in FY23. Rising electricity prices in Europe resulted in high operating margins and profitability as well as OCF generation of €13.9B between FY21 and FY23. The cash on hand and debt assumption, are used to finance decarbonization strategy with the goal of becoming one of the leading companies in electricity generation from renewable sources....
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RWE: business Plan Unveils Growth Opportunities