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Norway's Equinor scraps plans to export blue hydrogen to Germany

UPDATE 1-Norway's Equinor scraps plans to export blue hydrogen to Germany Adds RWE comments in paragraphs 6, 11 OSLO, Sept 20 (Reuters) - Norway's Equinor EQNR.OL has scrapped plans to export so-called blue hydrogen to Germany because it is too expensive and there is insufficient demand, a spokesperson for the energy company said on Friday. Equinor and Germany's RWE RWEG.DE signed a memorandum of understanding in January 2022 to build a hydrogen supply chain for German power plants to help reduc
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Norway's Equinor scraps plans to export blue hydrogen to Germany

Norway's Equinor scraps plans to export blue hydrogen to Germany OSLO, Sept 20 (Reuters) - Norway's Equinor EQNR.OL has decided to scrap plans to export so-called blue hydrogen to Germany because it is too expensive and there is insufficient demand, a spokesperson for the energy company said on Friday. In January 2022, Equinor and Germany's RWE RWEG.DE signed a memorandum of understanding to build a hydrogen supply chain for German power plants to help reduce emissions.
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European utilities slide as investors reposition after Fed cuts

European utilities slide as investors reposition after Fed cuts By Alban Kacher Sept 19 (Reuters) - The European utilities sector slid on Thursday, as investors moved to less defensive stocks after the U.S. Federal Reserve cut interest rates by 50 basis points on Wednesday. The STOXX 600 Utilities Index .SX6P , which tracks the performance of European utility companies, recorded a 1.8% drop as of 0408 GMT.
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German power grid battery capacity up nearly a third in 2024, data shows

German power grid battery capacity up nearly a third in 2024, data shows FRANKFURT, Sept 19 (Reuters) - Germany's power grid battery capacity used to stabilise electricity networks has risen by nearly a third so far this year, official data showed on Thursday, reflecting efforts to help grids accommodate more renewable power. The Berlin government wants wind and solar power to account for 80% of electricity by 2030. Renewables contributed 60% to power production in the first half of 2024. The lo
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RWE Supply & Trading Signs MoU With Am Green Ammonia B.V. For Supply Of Green Ammonia

BRIEF-RWE Supply & Trading Signs MoU With Am Green Ammonia B.V. For Supply Of Green Ammonia Sept 18 (Reuters) - RWE AG RWEG.DE : RWE SUPPLY & TRADING HAS SIGNED A MEMORANDUM OF UNDERSTANDING WITH AM GREEN AMMONIA B.V. (AMG) FOR LONG-TERM SUPPLY OF GREEN AMMONIA FROM ITS PLANTS BASED IN INDIA IT OUTLINES SUPPLY OF UP TO 250,000 TONNES OF GREEN AMMON
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Banco, Shell, WH Smith

EUROPE RESEARCH ROUNDUP-Banco, Shell, WH Smith Sept 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Banco, Shell and WH Smith on Thursday. HIGHLIGHTS * ABN Amro Bank NV ABNd.AS : JP Morgan raises to neutral from underweight * Banco Bpm BAMI.MI : JP Morgan raises to neutral from underweight * Shell Plc SHEL.L : Berenberg cuts target price to 3,100p from 3,400p * UMG UMG.AS : Citigroup cuts target price to EUR 26 from EUR 29.50 *
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Battolyser Systems says it has raised $33 mln to fund expansion

Battolyser Systems says it has raised $33 mln to fund expansion AMSTERDAM, Sept 12 (Reuters) - Battolyser Systems, a Dutch startup that makes combined battery and green hydrogen producing machines, has said it had raised 30 million euros ($33 million) to fund expansion. Investors included Global Greentech Capital, Innovation Industries and Invest-NL, the Dutch flagship venture capital fund, Battolyser said in a statement.
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RWE Commissions Sunfire And Bilfinger To Build Third Electrolysis Plant In Lingen

BRIEF-RWE Commissions Sunfire And Bilfinger To Build Third Electrolysis Plant In Lingen Sept 11 (Reuters) - RWE AG RWEG.DE : RWE AG - RWE COMMISSIONS SUNFIRE AND BILFINGER TO BUILD THE THIRD ELECTROLYSIS PLANT FOR GET H2 NUKLEUS IN LINGEN RWE AG - PLANT TO INCREASE CAPACITY OF NUKLEUS TO 300 MEGAWATTS / COMMISSIONING PLANNED FOR 2027 RWE AG - SUNFI
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RWE Awarded UK Contracts For Difference For Five Renewable Energy Projects

BRIEF-RWE Awarded UK Contracts For Difference For Five Renewable Energy Projects Sept 3 (Reuters) - RWE AG RWEG.DE : UK'S LEADING POWER PRODUCER, RWE, SECURES CONTRACTS FOR 218 MW OF NEW RENEWABLE CAPACITY HAS BEEN AWARDED CONTRACTS FOR DIFFERENCE (CFD) FOR FIVE OF ITS RENEWABLE ENERGY PROJECTS IN LATEST ALLOCATION ROUND 6 (AR6) Further company cov
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Record UK renewables auction gives boost to offshore wind

UPDATE 4-Record UK renewables auction gives boost to offshore wind Total of almost 10 gigawatts of renewables successful Orsted's Hornsea 4 and Hornsea 3 awarded contracts Iberdrola's East Anglia Two and Three projects win contracts Analysts say Britain still not set to meet wind targets Record number of projects win contracts Updates first five paragraphs with details of biggest budget yet, context By Susanna Twidale LONDON, Sept 3 (Reuters) - Britain's offshore wind sector got a boost on Tuesd
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Germany extends trusteeship over Rosneft assets, economy ministry

UPDATE 3-Germany extends trusteeship over Rosneft assets, economy ministry Germany extends trusteeship over Rosneft Germany until March 10, 2025 Rosneft in talks with potential buyers of its stakes Germany expects Rosneft sale deal by year end Shell sale of Schwedt refinery stake still pending Releads with economy ministry confirmation, comment from Shell on Prax sale By Riham Alkousaa and Christoph Steitz BERLIN/FRANKFURT, Sept 2 (Reuters) - The German government extended its trusteeship over t
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Spot prices up on lower German renewable supply

EUROPE POWER-Spot prices up on lower German renewable supply FRANKFURT, Aug 29 (Reuters) - European prompt power prices rose sharply on Thursday, with lower wind and solar generation expected in Germany on the day-ahead. German baseload power for Friday TRDEBD1 was up 5.1% at 114 euros ($126.40) a megawatt hour by 0820 GMT, while the French day-ahead equivalent was up 2.65% at 100.3 euros/MWh.
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RWE And Borussia Dortmund To Install Largest Pv System On A Stadium Roof In Germany

BRIEF-RWE And Borussia Dortmund To Install Largest Pv System On A Stadium Roof In Germany Aug 22 (Reuters) - RWE AG BVB.DE : RWE AND BORUSSIA DORTMUND TO INSTALL LARGEST PV SYSTEM ON A STADIUM ROOF IN GERMANY PV SYSTEM TO BE COUPLED WITH BATTERY STORAGE Further company coverage: BVB.DE (Gdansk Newsroom)
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RWE fails to dispel Calpine M&A speculation, shares extend losses

UPDATE 1-RWE fails to dispel Calpine M&A speculation, shares extend losses RWE would consider integrated set-up in U.S. No comment on report about Calpine stake buy Shares down 4.5% Adds context in paragraph 3, CEO comment in paragraph 5, shares in paragraph 6, shareholder comment in paragraph 9 FRANKFURT, Aug 14 (Reuters) - RWE RWEG.DE shares extended losses on Wednesday after the group's management failed to dispel investor concerns about a report that the company could buy into a U.S.
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RWE fails to dispel Calpine M&A speculation, shares extend losses

RWE fails to dispel Calpine M&A speculation, shares extend losses FRANKFURT, Aug 14 (Reuters) - RWE RWEG.DE shares extended losses on Wednesday after the group's management failed to dispel investor concerns about a report that the company could buy into a U.S. operator of gas-fired power plants. Earlier this month, magazine PeakLoad reported that RWE was in advanced talks to buy a minority stake in U.S.
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RWE bullish on U.S. market regardless of election outcome

RWE bullish on U.S. market regardless of election outcome FRANKFURT, Aug 14 (Reuters) - RWE RWEG.DE remains bullish on the U.S. market, saying the outcome of upcoming presidential elections would not affect the market's expansion of clean technologies. "Regardless of the outcome, I am convinced that the expansion of renewables there will continue at a fast pace," CEO Markus Krebber told reporters after presenting first-half results.
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STOXX 600 climbs as upbeat earnings buoy travel and leisure, financial stocks

UPDATE 2-STOXX 600 climbs as upbeat earnings buoy travel and leisure, financial stocks For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window UBS up after Q2 net profit beat Flutter jumps on lifting full-year outlook Playtech jumps as co to sell Italian arm to Flutter RWE fails to dispel Calpine M&A speculation, shares slump STOXX 600 up 0.5% Updated at 1600 GMT By Ankika Biswas and Pranav Kashyap Aug 14 (Reuters) - Europe's main stocks index r
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RWE slides as unchanged FY outlook weighs on shares

BUZZ-RWE slides as unchanged FY outlook weighs on shares ** Shares in RWE RWEG.DE slide 1.3% after the Germany's largest power producer confirmed its FY guidance, even as it posted better-than-expected H1 results ** "We believe the market may be disappointed that the outlook for 2024 was not increased from the "lower end" to the mid-point of the respective adj.
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RWE keeps outlook after forecast-beating H1, shares fall

UPDATE 3-RWE keeps outlook after forecast-beating H1, shares fall H1 adj EBITDA at 2.9 bln euros vs 2.8 bln poll Some had expected guidance increase - Bernstein Shares down 1.7% Adds details in paragraph 1, 3-5 By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF, Aug 14 (Reuters) - RWE RWEG.DE on Wednesday released higher-than-expected profits for the first half, but did not raise its outlook for the full-year, causing shares in Germany's largest power producer to slip.
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RWE posts 30% drop in H1 profits on weaker gas margins, trading

RWE posts 30% drop in H1 profits on weaker gas margins, trading FRANKFURT, Aug 14 (Reuters) - RWE RWEG.DE , Germany's largest power producer, on Wednesday said first-half core profit fell by nearly a third due to declining margins at its gas-fired power plants and lower earnings at the group's trading division. The group still confirmed its 2024 outlook, expecting to reach the lower end of a 5.2 billion to 5.8 billion euro ($5.7 billion to $6.4 billion) target range for adjusted earnings before
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