Renewables Buoy RWE and EDF as Clean Energy Outlook Brightens

By [email protected] Two of Europe’s major utilities have demonstrated the signs of a post-coronavirus lockdown recovery, highlighted by growing renewables capacities.

EDF and RWE both reported their Q3 results at the end of last week. While COVID-19 lockdowns have trimmed demand for electricity over the period, sustained renewables deployment and the associated revenue were bright spots for both companies.

RWE said it expected to complete 800 megawatts of wind and solar deployments in Q4, on top of the 500 MW already commissioned. It expects its wind and solar capacity to reach 10 gigawatts by the end of the year, on its way to a

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