Germany to Fund Only a Fraction of its Gas-to- Hydrogen Ambition [BNN Bloomberg (Canada)]
RWE AG ORD S/ADR (RWEOY)
NASDAQ:AMEX Investor Relations:
rwe.com/web/cms/en/105818/rwe/investor-relations
Company Research
Source: BNN Bloomberg
That's likely to disappoint both industry and climate experts studying how the nation will plug its power gap in the future. The Finance Ministry's draft budget plan, seen by Bloomberg, will be discussed by the parliament's budget committee on Jan. 18 and is expected to be voted on later this month. According to the plan, the funding for the gas power plants will only start in 2028, two years later than previously planned. The Economy Ministry had earlier set out an estimate of €60 billion for constructing these backup plants needed to keep the lights on as the country switched off its remaining nuclear power plants last year and moves out of coal. However, those numbers were preliminary, and the government expected the market to fund part of the cost. Spokespersons for both ministries didn't respond to phone calls seeking comment. The country's hydrogen plan is part of a push to make electricity supply almost entirely based on renewable energy and fuels as early as 2035. Germ
Show less
Read more
Impact Snapshot
Event Time:
RWEOY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RWEOY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RWEOY alerts
High impacting RWE AG ORD S/ADR news events
Weekly update
A roundup of the hottest topics
RWEOY
News
- RWE: Business Plan Unveils Growth Opportunities [Seeking Alpha]Seeking Alpha
- German Coal Mines Emit Much More Methane Than Reported, Study Says [Financial Post (Toronto, Ontario, Canada)]Financial Post
- German Coal Mines Emit Much More Methane Than Reported, Study Says [BNN Bloomberg (Canada)]BNN Bloomberg
- Germany Shutters Seven More Coal-Fired Power Units [Yahoo! Finance]Yahoo! Finance
- CERAWEEK-U.S. offshore wind development costs 30% higher than Europe - RWE CEO [Yahoo! Finance]Yahoo! Finance