First Power Flows From Giant RWE Offshore Projects as Better Winds Swell Profits
9 Articles
9 Articles
The Middle East conflict drives oil and gas prices and ultimately also electricity prices. And according to the supplier RWE, these will remain at the same level even longer. As a result, the Dax Group is likely to adjust its annual forecast.
This is a bitter news for consumers! Essen-based energy company RWE anticipates rising electricity and gas prices.
Wind turbines and power lines in front of an RWE power plant in Germany (symbolic image) (Photo by INA FASSBENDER/AFP via Getty Images) Getty Images The energy company RWE started the year with a strong jump in profits. The DAX-listed company benefited primarily from significantly improved wind conditions in Europe, as well as newly commissioned wind turbines, solar parks, and battery storage facilities. Adjusted earnings before interest, taxes,…
RWE achieved 33% of the profit target planned for the whole year, but with extraordinary not included in the prospects and with worse results in trading activity. This led to the value to start in negative and remained in a 1% drop during much of the session. E.ON achieved in a single quarter 48% of the midpoint of the profit net forecast for this year. The action began the session with a 4% advance, although it was decided not to increase them.…
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ikz-online.deRWE anticipates months-long effects of the Middle East conflict on energy supply. Eon warns that there may be "long-term energy shortages."
In the first three months, the Essen energy giant earned significantly more than in the previous year's quarter. The fact that the wind blew stronger than a year ago played an important role.
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