Energy

In spite of the pushback against renewable energy in the United States, RWE CFO Michael Müller is convinced of the value of the US business. In an interview he talks about the future of US offshore wind, the coal phase out in Germany, and the share buyback strategy.

The EU Commission has relaxed its green transition state aid rules through 2030. The German government will now be able to press ahead with plans for industrial electricity subsidies.

RWE has scaled back its investment plan running until 2030 by 10 billion euros, citing uncertainty in the US as the main reason. The company also wants to see the German government move fast with decisions on new gas fired power stations.

Nach den ersten drei Monaten des Geschäftsjahres 2023/24 sieht sich der Münchner Technologiekonzern Siemens weiterhin auf Kurs. Der Umsatz steigt im 1. Quartal um 6% und der Nettogewinn liegt sogar deutlich über den Prognosen.

The electricity tax package merely ensures the status quo for energy-intensive companies, offering them no substantial new relief measures.

Recent spikes in volatility reinforce risk management needs, according the CME Group. Managers Derek Sammann and Tim McCourt believe in futures and options volume growth across different asset classes.