Big Six energy provider RWE halves investment in renewables

RWE, one of Britain's biggest renewable energy investors, is planning to significantly scale back its spending in the UK and expects to sell off wind farms and a major biomass plant.

Energy firm RWE npower axes £4bn UK windfarm amid political uncertainty

Britain's green ambitions have been dealt a blow as a big six energy company has pulled the plug on one of the world's largest offshore windfarms, with the political storm enveloping the industry threatening the multibillion-pound investments needed to meet emissions targets and head off a looming capacity crunch.

RWE pulls plug on international nuclear power business

BERLIN: German power giant RWE, already hard hit by the government's decision to phase out nuclear power, said on Monday it is similarly abandoning its ambitions in the sector outside Germany.

RWE sale of npower 'threat to energy industry investment'

Britain's desire to boost investment and competition in the energy sector will be threatened if German utility group RWE presses ahead with a £5bn sale of npower, MPs have warned.

Goldman Sachs is understood to have been hired by RWE to conduct a strategic review of npower, one of the UK's "big six" energy firms.

This has been prompted by RWE's net debts of €27bn (£24bn) and concerns about the Coalition's energy policy, which threatens to diminish profit margins and require billions of pounds of investment in next-generation power stations.