RWE refocuses Innogy RE unit

Greencoat has  a large minority stake in RWE's Rhyl Flats offshore wind farm

RWE has ambitions to be a significant services supplier

Innogy, the renewables arm of ailing German utility RWE, has embraced a significantly altered business model that will in future see it rely more on partnerships and new revenue streams, including maintaining wind farms owned by other companies.

Amid a broader “streamlining” of the company’s business, it will also change the name of npower renewables – its UK subsidiary – to Innogy UK.

The name change is “about clarity and focus”, rather than any negative connotations the word “npower” might conjure in the public’s mind after months of bad publicity for the UK’s electricity utilities, says Julia Lynch Williams, managing director for Innogy UK.

Over the past two months RWE abandoned its plans for its 1.2GW Round 3 Atlantic Array offshore wind farm; shrank its Triton Knoll and Galloper projects; saw its proposed Nun Wood onshore Log in to read complete article.

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