DGAP-Adhoc: RWE Aktiengesellschaft: Extreme weather conditions in Texas harm RWE's electricity generation and negatively affect EBITDA 2021 estimated in the range of low to medium three digit million Euro amount

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DGAP-Ad-hoc: RWE Aktiengesellschaft / Key word(s): Miscellaneous
RWE Aktiengesellschaft: Extreme weather conditions in Texas harm RWE's electricity generation and negatively affect EBITDA 2021 estimated in the range of low to medium three digit million Euro amount

18-Feb-2021 / 22:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Essen, 18 February 2021
The extreme weather conditions in Texas/USA lead to outages of RWE's wind turbines and high electricity prices. In order to be able to meet its own delivery obligations, RWE currently has to buy electricity at abnormal high pricing conditions following an order of the Public Utility Commission of Texas directing the Electric Reliability Council of Texas (ERCOT) to reflect scarcity prices. As a result, the earnings (EBITDA) of the Onshore Wind/Solar segment in 2021 are expected to be negatively affected in the range of a low to mid three-digit million euro amount in total. A final assessment of the actual impact is not yet possible at this point in time.

Disclosed by Dr Ulrich Rust, General Counsel
 

18-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: RWE Aktiengesellschaft
RWE Platz 1
45141 Essen
Germany
Phone: +49 (0)201-5179 0
Fax: +49 (0)201-5179 5005
E-mail: invest@rwe.com
Internet: www.rwe.com
ISIN: DE0007037129, Weitere ISINs von Fremdkapital- und Hybridanleihen sind unter http://www.rwe.com/web/cms/de/1775762/rwe/investor-relations/anleihen/finanzierungsinstrumente/rwe-anleihen-im-ueberblick/, aufgelistet.,
WKN: 703712, Weitere WKNs von Fremdkapital- und Hybridanleihen sind unter http://www.rwe.com/web/cms/de/1775762/rwe/investor-relations/anleihen/finanzierungsinstrumente/rwe-anleihen-im-ueberblick/ aufgelistet.
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID: 1169596

 
End of Announcement DGAP News Service

1169596  18-Feb-2021 CET/CEST

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