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Stock impact report

Germany Shutters Seven More Coal-Fired Power Units [Yahoo! Finance]

RWE AG ORD S/ADR (RWEOY) 
Company Research Source: Yahoo! Finance
The German government, which already has called for an end to coal-fired power generation in that country, had allowed the units to continue operating through the winter as Germany continues to reduce its dependency on natural gas from Russia after that country's invasion of Ukraine in 2022. RWE Power said it closed five coal-fired units at the Grevenbroich-Neurath and Bergheim-Niederaussemin power stations on March 31. The lignite-fired power plants in total had 2,100 MW of generation capacity. LEAG said two of its coal-fired units, at Jänschwalde in the eastern state of Brandenburg, near Berlin, also were shuttered, taking another 1,000 MW offline. Two 500-MW units at the site were restarted at the start of the winter season to support the country's power supply. RWE Closes 4.2 GW of Capacity RWE has now shut down 12 coal-fired units, with a total generation capacity of 4,200 MW, during the past three years. The utility said it will shut down the 300-MW Block F at the Weisweiler Show less Read more
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