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| Name | Symbol | Market | Type |
|---|---|---|---|
| Rwe Ag (PK) | USOTC:RWEOY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.06 | -0.17% | 35.93 | 35.88 | 36.04 | 36.343 | 35.93 | 36.25 | 12,578 | 17:22:06 |
From Jul 2022 to Jul 2024
By Giulia Petroni
RWE AG has acquired U.K. solar and battery storage systems developer JBM Solar for an undisclosed sum as it aims to continue growing its portfolio in the country.
The German energy company said it is taking over a pipeline with a combined capacity of around 6.1 gigawatts, with most projects in the central and southern regions of England.
"The acquisition underpins RWE's ambition to rigorously drive the expansion of its renewables business in the U.K., one of RWE's core markets," it said.
The first solar and battery storage projects could be operational as early as the end of 2024, RWE said, adding that it expects that around 450 megawatts per year will be commissioned.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
March 02, 2023 06:00 ET (11:00 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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