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France's AXA Drops German Power Giant RWE as Client over Large Coal Operations

France’s AXA Drops German Power Giant RWE as a Client over Large Coal Operations
AXA SA, France’s biggest insurer, is dropping German energy giant RWE AG as a client in a decision that highlights how taboo the coal business has become.
Not even an appeal from RWE Chief Executive Officer Rolf Martin Schmitz to his counterpart at AXA, Thomas Buberl, was enough to persuade the insurer to retreat from its conviction that the utility’s coal operations are too large and it’s moving too slowly to shrink its carbon footprint, according to two people with knowledge of the matter who declined to be identified. ....

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Top gov't meeting focuses on promotion of one-billion-euro RWE investment in Greece for renewable energy projects

Top gov t meeting focuses on promotion of one-billion-euro RWE investment in Greece for renewable energy projects
Wednesday, 17 February 2021 21:46
UPD:21:50
A major investment by German energy multinational RWE in western Macedonia was the focus of a top ministerial meeting on Wednesday, chaired by the prime minister, in fact.
Besides Premier Kyriakos Mitsotakis and a handful of ministers, the virtual meeting via teleconference included RWE CEO Dr. Rolf Martin Schmitz and his successor, Dr. Markus Krebber.
The investment includes the creation of a joint company by RWE s subsidiary, RWE Renewables, and Greece s Public Power Corp. (PPC), the dominant electricity producer and supplier in the country, with the intent of implementing one billion euros in renewable energy projects, primarily photovoltaic parks. ....

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Europe's utilities see heavy churn as a dozen CEOs depart in less than 2 years

Blog
Blog
Blog
Video: Path to Carbon-Free Power Generation by 2035
23 Dec, 2020
Author
Yannic Rack
On Dec. 15, the supervisory board of E.ON SE said it would replace its CEO, Johannes Teyssen, once his term expires at the end of March 2021. Teyssen has steered the German utility through a tumultuous decade, including Germany s nuclear exit and a €40 billion deal that reshaped the company into one of Europe s largest grid operators and energy suppliers.
His imminent departure will also make him the latest in a long line of chief executives headed for the door at European power and gas companies. This year, 12 of 25 of the largest public and private energy utilities have switched leaders or announced that their CEOs will leave before the end of 2021. ....

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Hydrogen given promotion by RWE to fully fledged business unit as executive named

18 December 2020 9:37 GMT
Updated
18 December 2020 10:05 GMT
RWE is upgrading the importance of its rapidly expanding hydrogen activities, setting up a new hydrogen business unit within its RWE Generation subsidiary and has appointed Sopna Sury to lead it.
The new unit is responsible for developing and implementing RWE’s hydrogen strategy and will promote the respective projects in the German utility’s core markets.
Sury will also be part of RWE Generation’s executive board as of 1 February 2021.
“Hydrogen holds a huge potential for the energy transition and for RWE. We are now acknowledging its significance by creating a separate portfolio for hydrogen within the executive board as the central hydrogen hub at RWE,” RWE chief executive Rolf Martin Schmitz said. ....

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