RWE, Germany's biggest power company, is going green | The Economist - 0 views
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dirtiest companies for more than a century; now rwe is aiming to be among the cleanest
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On October 1st it agreed to buy the renewable-energy business of Consolidated Edison (ConEd), an American utility, for $6.8bn. Three days later it signed an agreement with Germany’s regional and federal governments to bring forward plans to stop generating electricity with lignite, an especially filthy sort of coal, by eight years to 2030
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The recent announcements are part of a much bigger realignment. In November last year it unveiled plans to invest €50bn ($50bn) to increase renewable-power capacity from 25 to 50 gigawatts (gw) within eight years, about a third of its current total.
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