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RWE increases profits through renewable energies and LNG trading - experts are positive
According to a report from www.tagesschau.de, the article reports on the energy company RWE, which has done good business in the area of electricity generation from renewable energies and LNG trading. The adjusted net result at the end of September was almost 3.4 billion euros, more than twice as much as in the same period last year. RWE is growing primarily through strong investments in renewable energies. New wind farms were put into operation in the North Sea and the takeover of the US solar power producer Con Edison had a positive effect. RWE's generation capacity has increased by around six gigawatts since the beginning of the year, resulting in significantly increased electricity production from renewable energies. At the …
RWE increases profits through renewable energies and LNG trading - experts are positive
According to a report by www.tagesschau.de,
The article reports on the energy company RWE, which has done good business in the area of electricity generation from renewable energies and LNG trading. The adjusted net result at the end of September was almost 3.4 billion euros, more than twice as much as in the same period last year.
RWE is growing primarily through strong investments in renewable energies. New wind farms were put into operation in the North Sea and the takeover of the US solar power producer Con Edison had a positive effect. RWE's generation capacity has increased by around six gigawatts since the beginning of the year, resulting in significantly increased electricity production from renewable energies. In energy trading, business with FLNG improved.
It also showed that RWE has already almost reached its annual profit target, which led to a positive reaction from analysts. The RWE share is one of the biggest DAX winners and has been trending upwards since the beginning of October.
RWE's positive business figures and growth in the area of renewable energies are having a positive impact on the market, particularly in the area of renewable energies and energy trading. RWE's strong growth could lead to the company strengthening its competitive position in these areas and potentially also creating new investment opportunities. The positive reaction from analysts and the rising share price show market participants' confidence in RWE's growth strategy.
Overall, the positive development at RWE indicates a positive trend in the area of renewable energies and energy trading, which could lead to sustainable economic growth and a positive contribution to the energy industry in the long term.
Read the source article at www.tagesschau.de