German utility RWE AG (RWE.XE) is considering investing in solar energy power generation in its home market, signaling yet another shift it is renewable energies strategy.
German utility RWE AG (RWE.XE) is considering investing in solar energy
power generation in its home market, signaling yet another shift it is
renewable energies strategy.
"
Germany
will
certainly not become a core market for us in terms of photovoltaic solar
energy," said Peter Terium, the designated chief executive, who takes
charge of the company July 1, "[but] there's a certain potential for
large-scale PV solar projects that could be realized with partners, possibly
with municipal utilities."
Photovoltaics generate power by converting solar radiation into direct current
electricity using semiconductors.
RWE already cooperates with 29 municipal utilities from western
Germany
in
the area of renewable energies in a joint venture called Green GECCO. So far
this cooperation focuses predominantly on wind power.
The comments come after RWE earlier this year said it is reviewing its stance
on solar energy after prices for PV technology had fallen considerably over the
past few years.
The company previously said it has initiated its first PV solar project in
Morocco
,
where it plans to build a 100-megawatt wind and solar farm, under the umbrella
of the
Sahara
Desert
solar
power initiative Desertec, which is developing plans to build renewable
electricity capacity in
North Africa
. The
project is planned to include 50 MW in wind power generation capacity and 50 MW
in solar output.
RWE, which is heavily reliant on coal and lignite-fired power plants and one of
the largest emitters of carbon dioxide in
Europe
, has
pledged to improve its CO2 footprint by gradually expanding renewable energy
production.
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