Europe’s utility – RWE targets to become carbon neutral by 2040. The company has already reduced its CO2 emissions by one-third from 2012 to 2018, representing a decline of 60 million metric tons.
Further RWE plans an additional 70% reduction of CO2 by 2030 and to achieve that it plans to decommission its last coal-fired power station in the UK. RWE also plans to decommission its coal-fired power plants in Germany.
In Netherlands, RWE is in the process of converting the plants in Eemshaven and Amer to fire biomass as the Dutch government aims to end the country’s coal-based electricity generation to end by 2030.
RWE is also making huge investments in wind and solar energy as well as high-performance storage technologies.
The utility aims to use green gas to generate power and has committed to spend €1.5bn net per annum to build a cleaner portfolio, a sum that is expected to double via partnerships.
The renewable energy portfolios of E.ON and innogy, combined to form RWE Renewables, will make RWE’s installed renewable energy capacity at over 9 GW. This is in addition to the under construction assets with a combined capacity of 2.6 GW.
For the latest on biomass energy in Europe, attend CMT’s 5th Biomass Trade & Power Europe on 5-6 February, 2020 in Copenhagen.