Key Conditions Explained
Economy / Finance

Key Conditions Explained

RWE CEO Markus Krebber has affirmed the company’s commitment to phasing out coal power by 2030 in North Rhine-Westphalia (NRW), outlining specific conditions under which the process could potentially be extended.

Speaking to the “Rheinische Post” Krebber stated that the agreement with both the federal and state governments stipulates a complete cessation of brown coal operations by March 31, 2030. However, he indicated that a review of the situation is slated for 2026. Should policymakers then determine that brown coal reserves are still necessary, RWE stands ready to operate the facilities, but under very specific terms.

Under this scenario, the state would be responsible for organizing and financing the reserve, as well as covering the associated CO2 certificate costs. RWE would then operate the plants purely on a cost-reimbursement basis, acting as an agent of the government.

Organizationally, the company is prepared for both outcomes. RWE’s planning is currently aligned with the 2030 shutdown schedule and the possibility of a three-year extension is feasible, as previously communicated to political entities and incorporated into the 2030 exit agreement. Currently, RWE employs approximately 6,000 people in its brown coal operations, a figure projected to decrease to around 2,000 by 2030. Krebber emphasized the importance of planning certainty for employees, noting that potential adjustments would be required should a reserve beyond 2030 be mandated. RWE currently operates three open-pit mines in NRW and remains the largest brown coal-powered electricity generator in the region.

Regarding nuclear power, Krebber views a resurgence as highly unlikely, citing a lack of broad societal acceptance necessary to justify the substantial investment required. He stated that the topic of nuclear power is settled in Germany, with the company focused on decommissioning its existing nuclear facilities.

Looking ahead, RWE is actively exploring all existing and emerging electricity generation technologies. This includes monitoring the development of fusion technology and Small Modular Reactors currently planned in the United States. The feasibility of future investments in these technologies within Germany, however, remains contingent on societal acceptance and supportive political frameworks.