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RWE confirms revenue price caps hit earnings in Q1

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RWE confirms revenue price caps hit earnings in Q1 | Windpower Monthly

RWE confirms revenue price caps hit earnings in Q1

Revenue price caps imposed by the EU and the UK significantly hit profits from RWE's onshore wind and solar segment for the first three months of 2023, the company confirmed in its preliminary results.

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Related Knowledge Center: ENERGY BASICS: renewables

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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.

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