Renewables growth helps RWE more than double profits
Renewables growth helps RWE more than double profits | Windpower Monthly
Renewables growth helps RWE more than double profits
German utility RWE more than doubled its profits for the first nine months of the year after investing heavily in renewables projects and clean energy businesses.
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Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.