RWE's UK Renewables arm has Changed its Name to RWE Innogy UK
The German Utility RWE's renewable energy arm in UK has changed its name to RWE Innogy UK from RWE Npower, the firm said on Friday.
The parent renewabes division in Germany said that the name change clarifies the companies position in the UK as a subsidiary of RWE Innogy.
This name change is response to various factors, that includes feedback from the external stakeholders as well as employees who are wanting to feel they are more integrated with one of the largest renewable energy companies in Europe. Said Hans Bünting, the chief executive of RWE Innogy GmbH.
On 15th January RWE said that they would be curbing spending at Innogy and the latest cutback during a power sector crisis that pushed a lot of the group’s gas and coal plants into loses.
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