Eon transfers renewables business to RWE

10/2/19, 10:24 AM -

As part of the transaction to acquire and integrate Innogy, Eon  transferred its renewables business to RWE. Eon will continue to offer customers individually tailored renewables solutions though.

Eon transferred its unit Eon Climate & Renewables to RWE as part of the merger of the two utility giants, but will still offer tailored PV solutions.
Eon transferred its unit Eon Climate & Renewables to RWE as part of the merger of the two utility giants, but will still offer tailored PV solutions.

Industrial-scale renewables facilities had been a key focus of Eon’s growth strategy since 2007. Investments of more than €12 billion enabled Eon to quickly become one of the world’s major producers of green power. Onshore wind farms like Roscoe, a 782 megawatt (MW) facility in Texas, were a big part of this growth. At the time of its completion in 2009 Roscoe was the world’s largest onshore wind farm and today is still in fifth place. Most recently, Eon began to build Nysäter, a 475 MW project that will be one of Europe’s biggest onshore wind farms. Preparations are under way to expand to Japan, Mexico, Chile, and Australia.

Windpark Arkona in the German Baltic Sea.

Eon was also one of the first companies in the world to embrace offshore wind power and played a key role in helping make this technology mature and competitive. The company participated in the construction of London Array, which when completed in 2013 was the world’s largest offshore wind farm. Last year Eon commissioned Arkona, a wind farm in the German Baltic Sea, thereby setting a new standard for completing an offshore wind farm on time and on budget.

Portfolio of 9 GW of renewables worldwide - solar projects also transferred

The portfolio that Eon transferred to RWE also includes battery and solar projects. Eon has built or is building a total of 9,000 megawatts of renewables projects worldwide, enough to meet nearly half of Belgium’s energy needs. Out of the 9,000 MW Eon built with partners partially approx. 6,800 MW are owned by Eon. 1,500 employees were transferred with these assets to RWE.

“Our activities helped pave the way for the industrialization and cost reduction of renewable energy. Combined at RWE, Eon and Innogy’s renewables businesses will be an attractive platform with lots of development potential,“ Eon CEO Johannes Teyssen said.

Networks als internet of the energy transition

Teyssen continues: “Eon will remain closely involved with renewables, which we firmly believe will be the mainstay of tomorrow’s energy supply. In our network territories in Germany, we connect more than 90 percent of newly built wind and solar facilities to the energy system. Our networks will become the ‘Internet of the energy transition.’ They’ll give our customers access to green power, green heat and cooling, and green mobility. Going forward, we’ll therefore focus on this infrastructure and on customer solutions. In addition, our headquarters will house Eon’s new Innovation Center. In the future, Essen will therefore provide important impetus for a successful energy transition in Europe and for reducing carbon emissions.”

Offering individually tailored solutions

Even after the transfer Eon will remain committed to renewables. The company will offer residential customers as well as industrial, commercial, and municipal customers individually tailored solutions for producing green power and thus help them shrink their carbon footprint and play an active role in protecting the earth’s climate. For instance, solar panels, energy-storage solutions, and smart home applications from Eon enable residential customers to produce their own energy and use it as efficiently as possible.

PV for Audi logistics center in Hungary

In addition, Eon will expand its business of marketing energy-efficiency solutions to business customers and enabling them to produce renewable energy using solar and small-scale wind facilities. For example, Eon is currently installing solar panels on the roofs of buildings that comprise an Audi logistics center in Győr, Hungary. At roughly 160,000 square meters, it will be Europe’s largest rooftop solar farm.

Crucial regional distribution networks

Eon’s power grids also play an important role in the energy transition. The company’s regional distribution networks already deliver more than one third of Germany’s renewable power to customers. By investing billions, Eon is enabling these networks to receive and distribute more and more renewable energy and also to meet needs for the expansion of e-mobility.

Another step of the transaction will be for Eon to transfer Innogy’s renewables business to RWE. This will take place as soon as possible in 2020, the company announced. (HCN)