EasyBourse.com:RWE Plans To Invest EUR2.8 Billion In Offshore Wind Park

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Germany's RWE AG's (RWE.XE) RWE Innogy Friday said it has acquired the project company ENOVA Energieanlagen GmbH, which is part of the ENOVA Group. This acquisition includes the rights to the offshore wind project North Sea Windpower 3 (NSWP3). Juergen Grossmann, Chief Executive Officer of RWE AG said, "Some 1,000 megawatts of windpower on the high seas - that is the largest single project RWE has undertaken so far in the area of renewables. Even in these times of economic crisis, RWE Innogy is consciously stepping up its investment pace." The wind farm will avoid approximately 2.6 million tonnes of CO2 annually, the company said. It will also make an important contribution towards achieving RWE's renewables targets. By 2012, RWE wants to have secured a power generation capacity of around 4,500 MW on the basis of renewables.