Essen,
26
April
2019
|
10:30
Europe/Amsterdam

RWE cancels plans for BoAplus project at Niederaussem site

No more investments in new coal-fired power stations

In the future, RWE will focus on electricity generation from renewable energy sources. Consequently, the company will no longer invest in new built of coal-fired power stations. Plans for the BOAplus project, a lignite power station at the company’s site in Niederaussem, have been cancelled. The undertaking was an option to replace existing units with a new, more efficient power plant. Its implementation was subject to market conditions, which did not allow for the project to be realised in the last years. Rolf Martin Schmitz, CEO of RWE AG, explains, “We are aware of our responsibility and continue to drive the energy transition with resolve. New coal-fired power stations no longer have a place in our future-oriented strategy. Following the completion of the transaction with E.ON, RWE will be one of the world’s leading renewable energy players.”

Given the fact that renewables currently contribute about 40 per cent to the German electricity mix , RWE is convinced that existing coal-fired power stations will be needed to provide backup capacity, although their share in the electricity mix will decline gradually. New power stations and storage will be required in order to ensure long-term security of supply for an industrial hotspot such as Germany. To this end, the company will invest in renewable energies, storage technologies and low-carbon technologies such as gas-fired power stations if market conditions allow for it.

RWE supports the European and national climate protection goals. In the last six years, the company has reduced its carbon dioxide emissions by some 60 million metric tons. This corresponds to a 34 per cent reduction since 2012.

Background information regarding BoAplus

In 2012, RWE had begun plannings for the BoAplus lignite-fired power station, equipped with cutting-edge and extremely efficient technology, at its site in Niederaussem. The envisaged capacity was 1,100 MW. The objective was to replace old power plant units with a combined installed capacity of 1,200 MW with this single station.