Tag: RWE

TotalEnergies and RWE join forces on green hydrogen to decarbonize the Leuna refinery

Stuart Mitchell

In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed an agreement with the German developer RWE to supply 30,000 tons a year of green hydrogen to the German Leuna refinery for fifteen years, beginning in 2030. The green hydrogen will be produced by a 300 MW electrolyzer, built and operated by RWE in Lingen. Green hydrogen storage will be provided locally. The green hydrogen will be delivered by a 600 km pipeline to the gates of the refinery and will prevent…

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RWE successfully issues its first inaugural US dollar green bond, marking a significant step into US debt financing

Stuart Mitchell

RWE successfully placed its first green US dollar bond with a total volume of US$2 billion. The bond was issued in two tranches of US$1 billion with 10-year tenor and US$1 billion with 30-year tenor, respectively. For the first tranche, the yield-to-maturity amounts to 5.926%, based on a coupon of 5.875% p.a. and an issuance price of 99.619%. For the second tranche, the yield-to-maturity amounts to 6.261%, based on a coupon of 6.250% p.a. and an issuance price of 99.852%. The issuance was met with strong interest from investors and…

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Global offshore wind industry to increase voltage

Stuart Mitchell

The offshore wind industry is increasing array voltage from 66kV to 132kV, to enable larger turbines, reduce cost and ultimately help meet global climate demands.  This increase in array voltage will:  Enable more efficient power collection for future wind farms globally  Reduce the length of cables in the offshore wind farm   Less cable will lower costs and environmental footprints  Facilitate the next generation of offshore wind turbines.  The industry’s last voltage shift began in 2010, when the Offshore Wind Accelerator (OWA) – Carbon Trust’s flagship research, development and deployment…

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RWE unveils plans for €50bn renewable energy investment this decade

Stuart Mitchell

Greener, bigger, more valuable – that is RWE in 2030. For the first time, the company is providing details of what it will look like by the end of the decade. With its new strategy ‘Growing Green’, RWE is massively stepping up the pace and is investing €50 billion gross in its core business. That means an average of €5 billion gross each year for offshore and onshore wind, solar, batteries, flexible generation and hydrogen. The company is thus expanding its portfolio by 25 gigawatts net to 50 gigawatts (GW) in the attractive markets…

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RWE successfully issues €1.35 billion green bond

Stuart Mitchell

RWE has successfully issued a further green bond with a total volume of €1.35 billion. The bond was issued in two tranches of €0.75 billion with seven-year tenor and €0.6 billion with twelve-year tenor respectively. For the first tranche, the yield-to-maturity amounts to 0.528%, based on a coupon of 0.5% p.a. and an issuance price of 99.808%.  For the second tranche, the yield-to-maturity amounts to 1.077 %, based on a coupon of 1.0% p.a. and an issuance price of 99.138%. The issuance met with keen interest from investors. In June…

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