RWE assembles dream team to target growth in renewables

RWE in Germany has unveiled the management team that will lead the company’s efforts in renewable energy following the deal announced in 2018 between innogy’s and Eon’s renewables divisions.

RWE plans to expand activity in offshore and onshore wind, solar PV and storage and will set aside approximately €1.5Bn (US$1.7Bn) annually to invest in new projects. As a result of the transaction, through which the renewables activities of Eon and innogy will be combined in RWE, the company will become one of the leading global players in the field. The companies’ portfolios of 8.6 GW of capacity, which complement each other in terms of technology and market presence, form the basis from which to expand this position.

The renewables company’s management team will be led by Anja-Isabel Dotzenrath as chief executive officer and will also comprise Holger Himmel, chief financial officer and Tom Glover as chief commercial officer (CCO), who will be in charge of the commercial management of, and marketing electricity from, the renewable assets.

The team will be completed by three CCOs heading operational units who will be responsible for project development and construction and operation.

Sven Utermöhlen has been nominated as offshore wind global CCO. The position of CCO for onshore wind and solar PV Americas is to be filled by Silvia Ortín Rios. The CCO for onshore and solar PV Europe and Asia-Pacific will be Katja Wünschel.

A trilateral integration project, which has been preparing the ground for the transaction involving RWE, Eon and innogy since the 2018, continues. Antitrust approval from the competition authorities, for which an application will be filed in due course, is expected by mid-2019. Execution of the transaction is supposed to be completed by the end of 2019.