RWE to Shut Five Coal-Power Plant Units in Germany
By Pierre Bertrand
RWE is to permanently close down five coal power plant units at the end of March as the German energy company continues phasing out coal-fired energy.
A total of 2,100 megawatts of lignite capacity will be taken offline on March 31. The power plant units are located at the Grevenbroich-Neurath and Bergheim-Niederaussem sites, RWE said.
The decommissioning comes after the German government had temporarily extended their operation in order to shore up the country's power sector.
RWE said it has already decommissioned 12 lignite-fired power plant units, a total output of 4,200 megawatts, since the end of 2020.
A further 300 megawatts from the Weisweiler power plant will be shut down at the end of this year, RWE said, adding that further closures are planned in the coming years.
RWE plans to phase-out coal by 2030.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
March 26, 2024 12:09 ET (16:09 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Q4 Stock Market Outlook: Where We See Opportunities for Investors
-
Markets Brief: Non-Farm Payrolls in the Spotlight Again
-
6 Top-Performing Large-Growth Funds
-
What’s the Difference Between the CPI and PCE Indexes?
-
10 Top-Performing Dividend Stocks of Q3 2024
-
33 Undervalued Stocks
-
Communication Services: Cable’s Broadband Dominance Isn’t as Strong as It Once Was
-
Technology: Strength Continues, With Software Presenting the Best Buying Opportunities
-
Best- and Worst-Performing Stocks of Q3 2024
-
Top Stocks to Own From the Best Fund Managers
-
2 Cheap Stocks Top Managers Have Been Buying
-
The 10 Best Companies to Invest in Now