From Wikipedia, the free encyclopedia
RWE Power AG is the subsidiary of the RWE Group, which operates a large part of RWE’s own power plants and associated plants in Germany. The seat is in Essen and Cologne. Chairman of the executive board is Dr. Frank Weigand.[2]
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RWE Power AG | ||
---|---|---|
Vrsta | dioničko društvo | |
Sjedište | Essen and Köln, Njemačka | |
Djelatnost(i) | Electric utility | |
Prihod | approx. €1.18 billion (2017)[1] | |
Podružnice | RWE Nuclear GmbH | |
Web stranica | https://www.group.rwe/en |
As part of the dicussion about the coal exit and in particular about the dispute over the „Hambacher forest“, the RWE Group received a lot of criticism.[3]
The company was founded in 2000 after RWE acquired „Vereinigte Elektrizitätswerke Westfalen“ (VEW) (maybe also translate to: United Electricity Works Westfalen). In the course of the merger, RWE merged the power plants of its subsidiary RWE Energie AG (i.e. all RWE power plants with the exception of lignite plants) with the power plants of “VEW” in the new subsidiary RWE Power. In 2003, also the RWE subsidiary “RWE Rheinbraun”, including all of their power plants, open-pit mines and other facilities, joined RWE Power.[4]
By outsourcing to its own corporation, RWE prepared for the unbundling of the business along the value chain of power generation, transportation and distribution, as demanded increasingly by politicians since the 1990s with the goal of liberalizing the energy markets.[4]
After the merger, RWE Power, including its subsidiaries, had more then 20 large-scale power plants and numerois smaller plants with a total generating capacity of more than 30 gigawatts. In 2004, RWE was the largest supplier of electricity in Germany (of which the majority was attributable to the subsidiary RWE Power).[5]
At the beginning of 2013, RWE Power was organizationally assigned to the newly founded RWE subsidiary, RWE Generation. All conventional power generation corporations in the RWE Group, which are located in particular in Great Britain, Benelux and Germany, were bundled in this company across all countries. In the course of this reorganization, RWE Power transferred its gas and coal-fired power plants to RWE Generation SE, which will operate them from now on.[6]
In January of 2018, RWE bundled its nuclear power business within the new company, RWE Nuclear GmbH. RWE Nuclear is affiliated with RWE AG as a 100% subsidiary and is managed by RWE Power.[2]
In particular, RWE Power AG operates the plants (power plants, opencast mines, railways, waterworks, etc.) of the “Rhenish lignite mining area” and the nuclear power plants of the RWE Group.
Before 2013, hard coal, gas-fired, water and biomass power plants were also a part of RWE Power’s portfolio; RWE Power handed over these systems to its parent company RWE Generation, when it was founded in the beginning of 2013.[2]
The power plants of the RWE Power and RWE Nuclear GmbH provide around 70 billion kilowatt-hours of power per year, which is around 12% of Germany’s total electricity requirement.[2]
RWE Power, together with RWE Holding as operator of large power plants and opencast mines, is often criticized for its negative impact on the environment, nature and local residents. The criticism concerns in particular the:
Critics accuse RWE Power, despite known risks and problems, of retaining obsolete technologies and of investing too little in the expansion of sustainable, renewable energies. Other allegations in this context are “Greenwashing”, excessive lobbying and political involvement.[7]
The supervisory board of RWE Power has 21 members (10 shareholder representatives, 10 employee representatives and 1 neutral member)[9]
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