XTRA:RWERenewable Energy
How Renewable Power Deal Will Impact RWE Stock Investors
RWE has agreed a long-term power purchase deal to supply up to 75 GWh of renewable electricity each year to Air Products’ hydrogen facilities, including a new liquefaction plant in Rotterdam that is planned to be Europe’s largest liquid hydrogen site and to comply with EU RED III rules.
The contract links RWE’s renewable generation directly to hydrogen production that qualifies as renewable fuel of non-biological origin, which can sharpen demand visibility for its clean power while tying the...