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MarketScreener Homepage  >  Equities  >  Xetra  >  RWE AG    RWE   DE0007037129

RWE AG

(RWE)
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RWE : Q1-Q3 2020 Pre-release of power generation and capacity data

10/23/2020 | 10:15am EST

Q1- Q3 2020 power generation and capacity data

23 October 2020

RWE's electricity generation capacity

PREVIEW

Pro rata view

Renewables

Pumped storage/

Gas

Lignite4

Hard coal

Nuclear

Total5

batteries

MW

30 Sep

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

Offshore Wind

2,463

1,100

-

-

-

-

-

-

-

-

-

-

2,463

1,100

Onshore Wind / Solar

6,729

1,971

30

-

-

-

-

-

-

-

-

-

6,759

1,971

Hydro / Biomass / Gas

1,364

1,122

2,336

2,336

13,699

13,317

-

-

1,474

3,259

-

-

19,165

20,377

of which

-

-

-

-

-

-

-

Germany1

407

416

2,336

2,336

3,767

3,767

-

-

-

-

-

-

6,549

6,558

United Kingdom

137

137

-

-

7,058

6,676

-

-

-

1,560

-

-

7,449

8,678

Netherlands/Belgium

748

497

-

-

2,323

2,323

-

-

1,474

1,699

-

-

4,545

4,519

Turkey

-

-

-

-

551

551

-

-

-

-

-

-

551

551

Coal / Nuclear2

7

7

-

-

400

400

8,807

8,807

2,341

2,341

2,770

2,281

14,352

13,863

RWE Group3

10,563

4,200

2,368

2,338

14,099

13,717

8,807

8,807

3,815

5,600

2,770

2,281

42,741

37,313

  1. Including generation capacity not owned by RWE that we can deploy at our discretion on the basis of long-term use agreements. As of the end of September 2020 it amounted to a net 2,203 MW (30 Sep 2019: 2,203 MW).
  2. Including generation capacity not owned by RWE that we can deploy at our discretion on the basis of long-term use agreements. As of the end of September 2020 it amounted to a net 783 MW (30 Sep 2019: 783 MW).
  3. Including minor battery capacity in the Supply & Trading Division.
  4. Lignite capacity excludes 1,448 MW of security reserve.
  5. Including minor 'other' generation technologies (e.g. oil-fired power plants).

Note: Renewables capacity incl. batteries amounts to 10,602 MW as of 30 Sep 2020.

Accounting view

Renewables

Pumped storage/

Gas

Lignite4

Hard coal

Nuclear

Total5

batteries

MW

30 Sep

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

Offshore Wind

1,918

925

-

-

-

-

-

-

-

-

-

-

1,918

925

Onshore Wind / Solar

6,508

2,163

20

-

-

-

-

-

-

-

-

-

6,527

2,163

Hydro / Biomass / Gas

1,391

1,148

2,336

2,336

13,935

13,553

-

-

1,474

3,259

-

-

19,428

20,640

of which

-

-

-

-

-

-

-

Germany1

432

441

2,336

2,336

3,767

3,767

-

-

-

-

-

-

6,574

6,583

United Kingdom

137

137

-

-

7,058

6,676

-

-

-

1,560

-

-

7,449

8,678

Netherlands/Belgium

748

497

-

-

2,323

2,323

-

-

1,474

1,699

-

-

4,545

4,519

Turkey

-

-

-

-

787

787

-

-

-

-

-

-

787

787

Coal / Nuclear2

7

7

-

-

400

400

8,807

8,807

2,341

2,341

2,770

2,770

14,352

14,352

RWE Group3

9,823

4,243

2,358

2,338

14,335

13,953

8,807

8,807

3,815

5,600

2,770

2,770

42,227

38,082

  1. Including generation capacity not owned by RWE that we can deploy at our discretion on the basis of long-term use agreements. As of the end of September 2020 it amounted to a net 2,203 MW (30 Sep 2019: 2,203 MW).
  2. Including generation capacity not owned by RWE that we can deploy at our discretion on the basis of long-term use agreements. As of the end of September 2020 it amounted to a net 783 MW (30 Sep 2019: 783 MW).
  3. Including minor battery capacity in the Supply & Trading Division.
  4. Lignite capacity excludes 1,448 MW of security reserve.
  5. Including minor 'other' generation technologies (e.g. oil-fired power plants).

Note: Renewables capacity incl. batteries amounts to 9,852 MW as of 30 Sep 2020.

Preliminary data, rounding differences may occur.

1

RWE's renewables installed capacity

PREVIEW

Pro rata view

Offshore wind

Onshore wind

Solar

Hydro

Biomass

Total

MW

30 Sep

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

Germany

851

340

582

544

3

2

407

410

-

6

1,843

1,302

United Kingdom

1,436

673

658

391

-

-

82

82

55

55

2,231

1,202

Netherlands

-

-

295

295

-

-

11

11

737

486

1,043

792

Poland

-

-

369

226

1

1

-

-

-

-

370

227

Spain

-

-

443

443

52

7

10

10

-

-

504

459

Italy

-

-

442

57

-

-

-

-

-

-

442

57

USA/CAN

-

-

3,598

-

127

-

-

-

-

-

3,725

-

Other countries

176

87

121

13

-

-

62

61

-

-

359

161

Renewables RWE Group

2,463

1,100

6,507

1,969

229

10

572

575

792

547

10,563

4,200

Accounting view

Offshore wind

Onshore wind

Solar

Hydro

Biomass

Total

MW

30 Sep

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

Germany

598

295

666

628

3

2

432

435

-

6

1,698

1,366

United Kingdom

1,272

630

707

456

-

-

82

82

55

55

2,117

1,223

Netherlands

-

-

295

295

-

-

11

11

737

486

1,043

792

Poland

-

-

385

242

1

1

-

-

-

-

386

242

Spain

-

-

447

447

45

-

12

12

-

-

504

459

Italy

-

-

475

90

-

-

-

-

-

-

475

90

USA/CAN

-

-

3,195

-

125

-

-

-

-

-

3,320

-

Other countries

48

-

126

10

-

-

61

61

-

-

235

71

Renewables RWE Group

1,918

925

6,295

2,167

220

3

599

601

792

547

9,823

4,243

Preliminary data, rounding differences may occur.

2

RWE's pro formarenewables installed capacity1

PREVIEW

Pro rata view

Offshore wind

Onshore wind

Solar

Hydro

Biomass

Total

MW

30 Sep

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

Germany

851

851

582

582

3

2

407

410

-

6

1,843

1,851

United Kingdom

1,436

1,436

658

657

-

-

82

82

55

55

2,231

2,230

Netherlands

-

-

295

295

-

-

11

11

737

486

1,043

792

Poland

-

-

369

369

1

1

-

-

-

-

370

370

Spain

-

-

443

443

52

7

10

10

-

-

504

459

Italy

-

-

442

385

-

-

-

-

-

-

442

385

USA/CAN

-

-

3,598

3,227

127

17

-

-

-

-

3,725

3,244

Other countries

176

176

121

121

-

-

62

61

-

-

359

359

Renewables RWE Group

2,463

2,463

6,507

6,078

229

27

572

575

792

547

10,563

9,690

Accounting view

Offshore wind

Onshore wind

Solar

Hydro

Biomass

Total

MW

30 Sep

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

Germany

598

598

666

666

3

2

432

435

-

6

1,698

1,706

United Kingdom

1,272

1,272

707

706

-

-

82

82

55

55

2,117

2,116

Netherlands

-

-

295

295

-

-

11

11

737

486

1,043

792

Poland

-

-

385

385

1

1

-

-

-

-

386

386

Spain

-

-

447

447

45

-

12

12

-

-

504

459

Italy

-

-

475

418

-

-

-

-

-

-

475

418

USA/CAN

-

-

3,195

2,824

125

15

-

-

-

-

3,320

2,839

Other countries

48

48

126

126

-

-

61

61

-

-

235

235

Renewables RWE Group

1,918

1,918

6,295

5,866

220

18

599

601

792

547

9,823

8,950

Preliminary data, rounding differences may occur.

1 Includes renewables operations acquired from E.ON as of 1 January 2019.

3

Portfolio changes for Wind/Solar versus 31 Dec 2019

PREVIEW

TRANSACTION

NET CAPACITY

RWE's LEGAL

PRO RATA VIEW

ACCOUNTING

SUPPORT

SUPPORT

PROJECT NAME

COUTNRY

CONSOLIDATION STAKE

TREATMENT1

REGIME

EXPIRY

TYPE

DATE

MW

%

MW

%

MW

Offshore

-

Onshore

370.35

Peyton Creek

US

commissioned

Mar 20

151.2

100%

151.2

100%

151.2

1

REC/PTC

2030

Spijk

NL

decommissioned

Jun 20

1

100%

1

100%

0.85

1

Merchant

n.a.

Cranell

US

commissioned

Sep 20

220

100%

220

100%

220

1

REC/PTC

2030

Solar

92.1

Alarcos

ES

commissioned

Jul 20

45

100%

45

100%

45

1

PPA

2030

Lieg

GER

commissioned

Jul 20

1

100%

1

100%

0.6

1

FiT

2040

Vauxhall

CAN

commissioned

Aug 20

22

100%

22

100%

22

1

PPA

2030

Hull

CAN

commissioned

Aug 20

25

100%

25

100%

24.5

1

PPA

2030

Storage

Total

462.45

GW

1 Details on accounting treatment, please see in the appendix. Preliminary data, rounding differences may occur.

4

RWE's electricity generation Q1 - Q3

January - September

PREVIEW

Accounting view

Billion kWh

Renewables

Pumped storage/

Gas

Lignite

Hard coal

Nuclear

Other

Total

batteries

Jan - Sep (9M)

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

Offshore Wind

5.0

2.4

5.0

2.2

Onshore Wind / Solar

12.1

3.7

12.1

3.7

Hydro / Biomass / Gas

4.2

2.6

1.5

1.3

34.9

36.8

2.2

7.0

0.2

43.0

47.7

of which

Germany1

1.4

1.4

1.5

1.3

6.3

5.4

0.2

9.4

8.1

United Kingdom

0.4

0.4

17.1

25.0

0.4

17.5

25.8

Netherlands/Belgium

2.4

0.8

8.4

4.7

2.2

6.6

13.0

12.1

Turkey

3.1

1.7

3.1

1.7

Coal / Nuclear

0.6

0.2

23.4

35.4

1.9

3.3

15.6

15.2

0.0

0.1

41.4

54.2

of which

Germany2

0.6

0.2

23.4

35.4

1.9

3.3

14.8

14.4

0.0

0.1

40.6

53.4

Netherlands/Belgium

0.8

0.8

0.8

0.8

RWE Group

21.3

8.7

1.5

1.3

35.5

37.0

23.4

35.4

4.1

10.3

15.6

15.2

0.2

0.1

101.5

107.8

  1. Including electricity from power plants not owned by RWE that we can deploy at our discretion on the basis of long-term agreements. In Q1-Q3 2020, this amounted to 1.6 billion kWh (Q1-Q3 2019: 1.3 billion kWh)
  2. Including electricity from power plants not owned by RWE that we can deploy at our discretion on the basis of long-term agreements. In Q1-Q3 2020, this amounted to 0.5 billion kWh (Q1-Q3 2019: 1.1 billion kWh)
  • Offshore Wind: Consolidation effect - assets acquired from E.ON included as of 18 Sep 2019. Positive weather effect in Q1 2020 after low wind levels in 2019
  • Onshore Wind / Solar: Consolidation effect - assets acquired from E.ON included as of 18. Sep 2019. Commissioning of new generation capacity
  • Renewables Netherlands: Conversion of Amer and Eemshaven hard coal plants to biomass co-firing (1.9 TWh biomass co-firing at Amer and 0.5 TWh biomass co-firing at Eemshaven)
  • Gas Germany: Market price driven higher generation volumes as well as higher availability in first half of 2020
  • Gas UK: Less demand in the early part of 2020 due to warm and windy weather and Covid-19 impact thereafter
  • Gas Netherlands: Higher power production due to demothballing Claus C (1304 MW); disposal of Inesco (130 MW, Q1 2019)
  • Gas Turkey: Higher electricity generation due to favourable weather conditions (less hydro production)
  • Lignite: Market price driven lower generation volumes despite positive effect from updated production plan after clarity regarding lignite phase out. Transfer of Neurath C (292 MW) to the lignite reserve in Q4 2019
  • Hard coal Germany: mainly market price driven lower generation volumes; decommissioning of Gersteinwerk K2 (614 MW) as of 29 March 2019
  • Hard coal UK: Decommissioning of Aberthaw plant as of mid December 2019 (1,560 MW)
  • Hard coal Netherlands: lower production at Eemshaven due to market price driven lower commercial dispatch; conversion of Amer and Eemshaven hard coal plant to biomass co-firing (see above) Preliminary data, rounding differences may occur.

5

RWE's electricity generation Q3

July - September

PREVIEW

Accounting view

Billion kWh

Renewables

Pumped storage/

Gas

Lignite

Hard coal

Nuclear

Other

Total

batteries

Jul - Sep (Q3)

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

Offshore Wind

1.2

1.0

-

-

-

-

-

-

-

-

-

-

-

-

1.2

1.0

Onshore Wind / Solar

3.2

1.2

-

-

-

-

-

-

-

-

-

-

-

-

3.2

1.2

Hydro / Biomass / Gas

1.4

0.6

0.5

0.4

13.8

12.1

-

-

0.7

1.3

-

-

0.1

-

16.5

14.4

of which

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Germany1

0.4

0.2

0.5

0.4

2.0

2.4

-

-

-

-

-

-

0.1

-

3.0

3.0

United Kingdom

0.1

0.2

-

-

7.4

7.0

-

-

-

0.0

-

-

-

-

7.5

7.2

Netherlands/Belgium

0.9

0.2

-

-

3.0

1.8

-

-

0.7

1.3

-

-

-

-

4.6

3.3

Turkey

-

-

-

-

1.4

0.9

-

-

-

-

-

-

-

-

1.4

0.9

Coal / Nuclear

-

-

-

-

0.4

0.2

9.1

10.7

0.9

0.8

5.6

6.0

-

-

16.0

17.7

of which

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Germany2

-

-

-

-

0.4

0.2

9.1

10.7

0.9

0.8

5.3

5.7

-

-

15.7

17.4

Netherlands/Belgium

-

-

-

-

-

-

-

-

-

-

0.3

0.3

-

-

0.3

0.3

RWE Group

5.8

2.8

0.5

0.4

14.2

12.3

9.1

10.7

1.6

2.1

5.6

6.0

0.1

-

36.9

34.3

  1. Including electricity from power plants not owned by RWE that we can deploy at our discretion on the basis of long-term agreements. In Q3 2020, this amounted to 0.5 billion kWh (Q3 2019: 0.4 billion kWh)
  2. Including electricity from power plants not owned by RWE that we can deploy at our discretion on the basis of long-term agreements. In Q3 2020, this amounted to 0.2 billion kWh (Q3 2019: 0.2 billion kWh)
  • Offshore Wind: Consolidation effect: assets acquired from E.ON included as of 18 Sep 2019
  • Onshore Wind / Solar: Consolidation effect - assets acquired from E.ON included as of 18. Sep 2019. Commissioning of new generation capacity; lower wind yield
  • Renewables Netherlands: Conversion of Amer and Eemshaven hard coal plants to biomass co-firing (0.8 TWh biomass co-firing at Amer and 0.1 TWh biomass co-firing at Eemshaven)
  • Gas Turkey: Higher electricity generation due to favourable weather conditions (less hydro production)
  • Gas Netherlands: Higher gas production due to demothballing Claus C (1,304 MW)
  • Lignite: mainly maintenance outages and transfer of Neurath C (292 MW) to the lignite reserve in Q4 2019
  • Hard coal Netherlands: lower production at Eemshaven due to market price driven lower commercial dispatch; conversion of Amer and Eemshaven hard coal plant to biomass co-firing (see above) Preliminary data, rounding differences may occur.

6

RWE's renewables electricity generation1 Q1 - Q3

January - September

PREVIEW

Pro rata view

Billion kWh

Offshore

Onshore

Solar

Hydro

Biomass

Total

wind

wind

Jan - Sep (9M)

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

Germany

2.1

0.8

0.7

0.7

0.0

0.0

1.4

1.4

-

-

4.2

2.8

United Kingdom

3.9

1.9

1.6

0.7

-

-

0.1

0.1

0.3

0.3

5.9

3.0

Netherlands

-

-

0.5

0.5

-

-

-

-

2.4

0.8

2.9

1.3

Poland

-

-

0.7

0.4

0.0

0.0

-

-

-

-

0.7

0.4

Spain

-

-

0.6

0.7

0.0

0.0

0.0

0.0

-

-

0.7

0.8

Italy

-

-

0.6

0.1

-

-

-

-

-

-

0.6

0.1

USA/CAN

-

-

7.5

0.2

0.2

0.0

-

-

-

-

7.7

0.3

Other countries

0.5

0.2

0.3

0.0

0.0

0.0

0.0

0.0

-

-

0.7

0.0

Renewables RWE Group

6.4

2.9

12.5

3.4

0.3

0.0

1.6

1.5

2.7

1.1

23.4

8.8

Accounting view

Billion kWh

Offshore

Onshore

Solar

Hydro

Biomass

Total

wind

wind

Jan - Sep (9M)

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

Germany

1.4

0.7

0.9

0.8

0.0

0.0

1.4

1.4

-

-

3.7

2.8

United Kingdom

3.4

1.8

1.6

0.8

-

-

0.1

0.1

0.3

0.3

5.4

3.0

Netherlands

-

-

0.5

0.5

-

-

-

-

2.4

0.8

2.9

1.3

Poland

-

-

0.7

0.4

0.0

0.0

-

-

-

-

0.7

0.4

Spain

-

-

0.6

0.7

0.0

-

0.0

0.0

-

-

0.6

0.7

Italy

-

-

0.7

0.2

-

-

-

-

-

-

0.7

0.2

USA/CAN

-

-

6.5

0.3

0.2

0.0

-

-

-

-

6.7

0.3

Other countries

0.2

0.0

0.2

0.0

0.0

0.0

0.1

0.1

-

-

0.5

0.1

Renewables RWE Group

5.0

2.4

11.7

3.7

0.3

0.0

1.6

1.5

2.7

1.1

21.3

8.7

Preliminary data, rounding differences may occur.

1 Includes renewables operations acquired from E.ON as of Closing I (18 Sep 2019).

7

RWE's renewables electricity generation1 Q3

July - September

PREVIEW

Pro rata view

Billion kWh

Offshore

Onshore

Solar

Hydro

Biomass

Total

wind

wind

Jul - Sep (Q3)

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

Germany

0.6

0.3

0.1

0.2

0.0

0.0

0.4

0.2

-

-

1.1

0.7

United Kingdom

0.9

0.7

0.4

0.3

-

-

0.0

0.0

0.1

0.1

1.4

1.0

Netherlands

-

-

0.1

0.1

-

-

-

-

0.9

0.3

1.0

0.4

Poland

-

-

0.2

0.1

0.0

0.0

-

-

-

-

0.2

0.1

Spain

-

-

0.2

0.2

0.0

0.0

0.0

0.0

-

-

0.2

0.2

Italy

-

-

0.2

0.0

-

-

-

-

-

-

0.2

0.0

USA/CAN

-

-

2.0

0.2

0.1

0.0

-

-

-

-

2.0

0.3

Other countries

0.1

0.1

0.1

0.0

0.0

0.0

0.0

0.0

-

-

0.2

0.1

Renewables RWE Group

1.6

1.1

3.2

1.1

0.1

0.0

0.4

0.2

1.0

0.4

6.3

2.8

Accounting view

Billion kWh

Offshore

Onshore

Solar

Hydro

Biomass

Total

wind

wind

Jul - Sep (Q3)

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

Germany

0.3

0.2

0.3

0.2

0.0

0.0

0.4

0.2

-

-

1.0

0.7

United Kingdom

0.9

0.8

0.4

0.3

-

-

0.0

0.0

0.1

0.1

1.4

1.1

Netherlands

-

-

0.1

0.1

-

-

-

-

0.9

0.3

1.0

0.4

Poland

-

-

0.2

0.1

0.0

0.0

-

-

-

-

0.2

0.1

Spain

-

-

0.2

0.2

0.0

-

0.0

0.0

-

-

0.2

0.1

Italy

-

-

0.2

0.1

-

-

-

-

-

-

0.2

0.1

USA/CAN

-

-

1.7

0.3

0.1

0.0

-

-

-

-

1.8

0.3

Other countries

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

-

-

0.1

0.0

Renewables RWE Group

1.2

1.0

3.0

1.2

0.1

0.0

0.4

0.2

1.0

0.4

5.8

2.8

Preliminary data, rounding differences may occur.

1 Includes renewables operations acquired from E.ON as of Closing I (18 Sep 2019).

8

RWE's pro forma1 renewables electricity generation Q1 - Q3

January - September

PREVIEW

Pro rata view

Billion kWh

Offshore

Onshore

Solar

Hydro

Biomass

Total

wind

wind

Jan - Sep (9M)

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

Germany

2.1

2.1

0.7

0.7

0.0

0.0

1.4

1.4

-

-

4.2

4.2

United Kingdom

3.9

3.3

1.6

1.2

-

-

0.1

0.1

0.3

0.3

5.9

4.8

Netherlands

-

-

0.5

0.5

-

-

-

-

2.4

0.8

2.9

1.3

Poland

-

-

0.7

0.7

0.0

0.0

-

-

-

-

0.7

0.7

Spain

-

-

0.6

0.7

0.0

0.0

0.0

0.0

-

-

0.7

0.8

Italy

-

-

0.6

0.5

-

-

-

-

-

-

0.6

0.5

USA/CAN

-

-

7.5

7.3

0.2

0.0

-

-

-

-

7.7

7.4

Other countries

0.5

0.4

0.3

0.2

0.0

0.0

0.0

0.0

-

-

0.7

0.6

Renewables RWE Group

6.4

5.8

12.5

11.9

0.3

0.0

1.6

1.5

2.7

1.1

23.4

20.4

Accounting View

Billion kWh

Offshore

Onshore

Solar

Hydro

Biomass

Total

wind

wind

Jan - Sep (9M)

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

Germany

1.4

1.5

0.9

0.8

0.0

0.0

1.4

1.4

-

-

3.7

3.6

United Kingdom

3.4

2.9

1.6

1.2

-

-

0.1

0.1

0.3

0.3

5.4

4.4

Netherlands

-

-

0.5

0.5

-

-

-

-

2.4

0.8

2.9

1.3

Poland

-

-

0.7

0.6

0.0

0.0

-

-

-

-

0.7

0.6

Spain

-

-

0.6

0.7

0.0

-

0.0

0.0

-

-

0.6

0.8

Italy

-

-

0.7

0.6

-

-

-

-

-

-

0.7

0.6

USA/CAN

-

-

6.5

6.4

0.2

0.0

-

-

-

-

6.7

6.4

Other countries

0.2

0.1

0.2

0.3

0.0

0.0

0.1

0.1

-

-

0.5

0.5

Renewables RWE Group

5.0

4.5

11.7

11.0

0.3

0.0

1.6

1.5

2.7

1.1

21.3

18.2

Preliminary data, rounding differences may occur.

1 Pro forma: Includes renewables operations acquired from E.ON as of 1 January 2019.

9

RWE's pro forma1 renewables electricity generation Q3

July - September

PREVIEW

Pro rata view

Billion kWh

Offshore

Onshore

Solar

Hydro

Biomass

Total

wind

wind

Jul - Sep (Q3)

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

Germany

0.6

0.7

0.1

0.2

0.0

0.0

0.4

0.2

-

-

1.1

1.1

United Kingdom

0.9

0.9

0.4

0.4

-

-

0.0

0.0

0.1

0.1

1.4

1.3

Netherlands

-

-

0.1

0.1

-

-

-

-

0.9

0.3

1.0

0.4

Poland

-

-

0.2

0.2

0.0

0.0

-

-

-

-

0.2

0.2

Spain

-

-

0.2

0.2

0.0

0.0

0.0

0.0

-

-

0.2

0.2

Italy

-

-

0.2

0.1

-

-

-

-

-

-

0.2

0.1

USA/CAN

-

-

2.0

2.1

0.1

0.0

-

-

-

-

2.0

2.1

Other countries

0.1

0.1

0.1

0.1

0.0

0.0

0.0

0.0

-

-

0.2

0.1

Renewables RWE Group

1.6

1.7

3.2

3.2

0.1

0.0

0.4

0.2

1.0

0.4

6.3

5.4

Accounting View

Billion kWh

Offshore

Onshore

Solar

Hydro

Biomass

Total

wind

wind

Jul - Sep (Q3)

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

Germany

0.3

0.4

0.3

0.2

0.0

0.0

0.4

0.2

-

-

1.0

0.8

United Kingdom

0.9

0.9

0.4

0.4

-

-

0.0

0.0

0.1

0.1

1.4

1.3

Netherlands

-

-

0.1

0.1

-

-

-

-

0.9

0.3

1.0

0.4

Poland

-

-

0.2

0.1

0.0

0.0

-

-

-

-

0.2

0.1

Spain

-

-

0.2

0.2

0.0

-

0.0

0.0

-

-

0.2

0.2

Italy

-

-

0.2

0.1

-

-

-

-

-

-

0.2

0.1

USA/CAN

-

-

1.7

1.8

0.1

0.0

-

-

-

-

1.8

1.8

Other countries

0.0

0.0

0.0

0.1

0.0

0.0

0.0

0.0

-

-

0.1

0.1

Renewables RWE Group

1.2

1.3

3.0

2.9

0.1

0.0

0.4

0.2

1.0

0.4

5.8

4.8

Preliminary data, rounding differences may occur.

1 Pro forma: Includes renewables operations acquired from E.ON as of 1 January 2019.

10

APPENDIX

Accounting treatment1 of renewable assets

Model 1

Model 2

Model 3a

Model 3b

Model 4

Included in the consolidated financial statements

Equity method

Joint operations

Other investments

RWE share of project2

100%

>50%, < 100%

>20%, = < 50%

>20%. = < 50%

>0% - 20%

Capacity view

Pro rata MW

100%

pro rata

pro rata

pro rata

pro rata

Accounting MW

100%

100%

n/a

pro rata

n/a

Profit and loss statement

Contribution to EBITDA

100%

100%

0%

pro rata

0%

Contribution to depreciation

100%

100%

0%

pro rata

0%

Contribution to EBIT

100%

100%

0%

pro rata

0%

Contribution to at equity income in EBIT/DA

n/a

n/a

pro rata

n/a

n/a

Contribution to income other investments in EBIT/DA

n/a

n/a

n/a

n/a

pro rata

Minorities

n/a

(100% - RWE share)

n/a

n/a

n/a

Cash flow statement

Consideration in operating cash flow

100%

100%

pro rata3

pro rata

pro rata3

Consideration in investing cash flow

100%

100%

pro rata4

pro rata

pro rata4

Consideration in financing cash flow5

n/a

(100% - RWE share)

n/a

n/a

n/a

Balance sheet assets

Consolidated assets

100%

100%

n/a

pro rata

n/a

Equity investments

n/a

n/a

pro rata

n/a

n/a

Other investments

n/a

n/a

n/a

n/a

pro rata

  1. Accounting treatment refers to list of shareholding tables in RWE's annual report.
  2. RWE's share of project corresponds to the voting rights and no adverse provisions in shareholders agreement are agreed, which would influence RWE's ability to control that company.
  3. Dividend.
  4. Capital & shareholder loan increase/decrease.
  5. Disregarding any financing structure (e.g. tax equity, project financing etc.).

11

Disclaimer

RWE AG published this content on 23 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 October 2020 14:14:06 UTC


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