RWE Quits Coal, Cancels $1.7 Billion German Coal-Fired Project

GALWAY, IRELAND--May 8, 2019--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--German power major RWE AG (FWB:RWE) (Essen, Germany) will no longer invest in any coal-fired power projects and has pulled the plug on a planned 1.5 billion-euro ($1.68 billion) lignite-powered plant in Niederaussem, Germany. Within this article: Details RWE withdrawal from coal-fired power, swap to renewables, storage and gas-fired power investments, asset swap with E.ON, Germany's 2038 exit from coal morning and power.