RWE warns of profit hit as Texas winter storm disrupts wind farms

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RWE warns of profit hit as Texas winter storm disrupts wind farms



RWE, Germany's largest power producer, on Thursday warned that Arctic temperatures hitting the U.S. state of Texas put
some of the group's local onshore wind farms out of service and forced it to buy electricity at sky-rocketing costs.

As a result, RWE, which is Europe's third-largest renewables player, said it expected a low-to mid-triple-digit million euro
hit to adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) at its onshore wind/solar segment
in 2021.

In 2020, the unit generated adjusted EBITDA of 472 million euros (US$571 million), or 15per cent of the group's total.

The United States account for 38per cent of the roughly 9 gigawatts of installed renewables capacity RWE owns globally,
making them the utility's largest market by that measure.

RWE said part of its onshore wind fleet in Texas had been partly out of service from Feb. 9 because of icing and grid
issues that have dealt a major blow to the United States' second-largest state.

"Priority number one is to safely resume operations at our production sites," said Silvia Ortín Rios, Chief Operating
Officer, Wind Onshore and Solar Photovoltaics Americas, at RWE's renewables division.

Read more here. : เกมสล็อต มาใหม่ 2021 ทดลองเล่นฟรี