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Rolf Martin Schmitz, CEO of Rheinland Group, said the group plans to invest 1.
5 billion euros a year in green energy
.
RWE plans to invest 1.
5 billion euros annually in green energy
Rheinland and E.
ON unveiled in March a comprehensive plan to break up Innogy and split its assets, making Rheinland the second largest wind energy company in Europe and E.
ON the largest gas and electricity network operator
in Europe.
Schmitz said the Innogy deal will take place in several steps due to its complex structure, but the deal is going well
.
"We are in contact with antitrust regulators in various countries and are fully advancing the transaction, with all approvals expected in 2019 and the transaction being completed
.
" He told the newspaper
.
At the same time, RWE is looking for opportunities to build or buy power plants, but RWE is not interested
in any plant at the local utility Steag.
Speaking about the German government's timeline for deciding on a coal phase-out, Schmitz opposes phasing out coal
by 2030.
"This would not have been possible, even if renewable energy could meet 65% of the electricity demand
at the time.
" Schmitz said the investment required for such an early phase-out would be enormous, with thousands of jobs potentially at risk
.
Schmitz pointed out that if the government pushes for an early phase-out of coal, RWE is ready to claim damages
.
，
Rolf Martin Schmitz, CEO of Rheinland Group, said the group plans to invest 1.
5 billion euros a year in green energy
.
RWE plans to invest 1.
5 billion euros annually in green energy
5 billion euros annually in green energy
Rheinland and E.
ON unveiled in March a comprehensive plan to break up Innogy and split its assets, making Rheinland the second largest wind energy company in Europe and E.
ON the largest gas and electricity network operator
in Europe.
Schmitz said the Innogy deal will take place in several steps due to its complex structure, but the deal is going well
.
"We are in contact with antitrust regulators in various countries and are fully advancing the transaction, with all approvals expected in 2019 and the transaction being completed
.
" He told the newspaper
.
At the same time, RWE is looking for opportunities to build or buy power plants, but RWE is not interested
in any plant at the local utility Steag.
Speaking about the German government's timeline for deciding on a coal phase-out, Schmitz opposes phasing out coal
by 2030.
"This would not have been possible, even if renewable energy could meet 65% of the electricity demand
at the time.
" Schmitz said the investment required for such an early phase-out would be enormous, with thousands of jobs potentially at risk
.
Schmitz pointed out that if the government pushes for an early phase-out of coal, RWE is ready to claim damages
.
，
