Key Developments: RWE AG (RWEG.DE)

RWEG.DE on Xetra

1 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Areva SA Quits Race For E.ON AG And RWE AG's Horizon Nuclear Project; Toshiba Corp, Hitachi, Ltd., And SNC Lavalin Group Inc. In Race For Project-Reuters
Wednesday, 3 Oct 2012 10:01am EDT 

Reuters reported that Areva SA has dropped out of the race to buy British nuclear new-build project Horizon, three months after announcing it was bidding for it with China Guangdong Nuclear Power Holding. Areva and CGNPC have suspended their interest in the planned sale of Horizon and did not submit a bid. Two other bids were submitted for Horizon on Friday, one from Areva's competitor Westinghouse and its parent company Toshiba Corp, the other from Japanese engineering firm Hitachi, Ltd. and Canadian counterparty SNC Lavalin Group Inc. The Horizon project was put up for sale by its German owners E.ON AG and RWE AG in March, after Germany's decision to pull out of nuclear power blew a hole in the utilities' balance sheets.  Full Article

RWE AG Still Wants To Sell Suewag Stake After Talks Stall-Reuters
Wednesday, 22 Aug 2012 11:22pm EDT 

Reuters reported that RWE AG still wanted to sell its stake in regional power group Suewag even though talks on a sale have stalled for now. The Company, however, said that it was still open to talks with interested parties, reiterating its target to sell assets worth up to EUR7 billion ($8.74 billion) by the end of 2013.  Full Article

Lundin Petroleum AB's Subsidiary Spuds Salina Exploration Well in Barents Sea in License Shared with Det norske oljeselskap ASA, RWE AG's RWE Dea and Eni Norge
Monday, 13 Aug 2012 02:54am EDT 

Lundin Petroleum AB announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced the drilling of well 7220/10-1 in PL533 (shared with Det norske oljeselskap ASA, RWE AG's RWE Dea and Eni Norge) on the Salina prospect (formerly referred to as Pulk) in the Barents Sea. The well is located 54 kilometers to the south west and on geological trend with the Skrugard and Havis discoveries. The main objective of the well is to prove the presence of hydrocarbons in the reservoir. Lundin Petroleum holds 20% interest in PL533. Partners are Eni Norge AS (operator) with 40% interest, Det norske oljeselskap ASA with 20% and RWE Dea Norge AS with 20% interest.  Full Article

Conergy, RWE form solar leasing partnership

FRANKFURT, July 7 - Solar group Conergy and German utility RWE have struck a deal to lease out solar systems for a monthly fee, hoping commercial clients will install the technology on factories, warehouses and offices to lower their energy bills.

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