{"id":1137,"date":"2020-04-10T12:02:47","date_gmt":"2020-04-10T12:02:47","guid":{"rendered":"http:\/\/demo6.aiwalls.com\/ipapps\/?p=1137"},"modified":"2020-04-10T12:02:47","modified_gmt":"2020-04-10T12:02:47","slug":"german-power-giant-rwe-aims-for-zero-carbon-by-2040","status":"publish","type":"post","link":"https:\/\/www.txd9.com\/?p=1137","title":{"rendered":"German power giant RWE aims for zero carbon by 2040"},"content":{"rendered":"<p>            <img decoding=\"async\" src=\"http:\/\/pic1.tadke.com\/imgs\/tech2lims\/0409\/4fyfndgqaiq.jpg\" alt=\"Brown coal plants such as the one in Dormagen, western Germany, &amp;quot;laid the foundations&amp;quot; for power giant RWE\"><figcaption class=\"text-darken text-low-up text-truncate-js mt-3\">\n                Brown coal plants such as the one in Dormagen, western Germany, &#8220;laid the foundations&#8221; for power giant RWE<br \/>\n            <\/figcaption><p>German energy giant RWE said Monday it aims to achieve carbon neutrality by 2040, winding up fossil-fuel activities while building up renewable generation, after taking over parts of competitor EON.<\/p>\n<p>        <!-- \/4988204\/TechX_Story_InText_Box --><\/p>\n<p>Highly-polluting brown coal and nuclear &#8220;laid the foundations we are building the new RWE on&#8230; But every form of energy has its time,&#8221; chief executive Rolf Martin Schmitz said in a statement.<\/p>\n<p>A massive exchange of assets with EON, which will see RWE specialise in electricity generation and its former competitor focus on grids, is the first step in a new strategy.<\/p>\n<p>RWE plans to spend 1.5 billion euros ($1.6 billion) per year on &#8220;both offshore and onshore wind turbines as well as photovoltaics and storage.&#8221;<\/p>\n<p>That spending could mount to two or three billion euros per year if contributions from partners are counted in.<\/p>\n<p>After a green light from the European Commission, Monday was the first day EON&#8217;s former renewables activities were integrated with RWE, alongside generation capacity from RWE&#8217;s former subsidiary Innogy.<\/p>\n<p>The transfers mean the company is now Europe&#8217;s number three in emissions-free electricity, after Spain&#8217;s Iberdrola and Italy&#8217;s Enel.<\/p>\n<p>As well as building up new renewable capacity, RWE plans to shutter or convert all of its coal-fired plants in Britain and the Netherlands by 2030.<\/p>\n<p>Meanwhile, it said it would stick to the 2038 target for ending coal generation in Germany set by a government-appointed commission earlier this year.<\/p>\n<p>It is currently in talks with Berlin over compensation for those closures, totaling around three gigawatts of capacity by 2022.<\/p>\n<p>RWE reduced emissions of greenhouse gas carbon dioxide (CO<sub>2<\/sub>) by one-third, or 60 million tonnes, between 2012 and 2018.<\/p>\n<p>It aims to further slash output by 70 percent between 2019 and 2030.<\/p>\n<hr>\n","protected":false},"excerpt":{"rendered":"<p>Brown coal plants such as the one in Dormagen, western Germany, &#8220;laid the foundations&#8221; for power giant RWE German energy giant RWE said Monday it<\/p>\n","protected":false},"author":1,"featured_media":1138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[750,771,846,397,845],"class_list":["post-1137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-aims","tag-german","tag-giant","tag-power","tag-rwe"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/posts\/1137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1137"}],"version-history":[{"count":0,"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/posts\/1137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/media\/1138"}],"wp:attachment":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}