RWE, the German company in the energy sector, will invest during 2022 more than 5,000 million euros, equivalent to 5,100 million dollars, to increase its green energy projects, which represents 30 percent more than initially planned for this year.

According to what was announced by the second energy producer in Germany, the portfolio of green generation projects contains “offshore and onshore wind energy, solar energy, batteries and hydrogen economy”.

The chairman of the board of directors, Markus Krebber, highlighted that during the first half of the year “20 percent more electricity was generated from renewable energies than in the same period of the previous year”.

According to Krebber the “expansion of our green portfolio, which is 30 percent more than originally planned. All of this is urgently needed to make the energy supply more independent and climate-neutral.”

RWE includes as its main business the generation of electricity from alternative sources and natural gas, and is also responsible, together with its subsidiaries, for distributing electricity, gas and water to Europe and North America.

Increased benefits

Krebber also reported that during the first half of the year the company obtained a net profit of “2,083 million euros”, which is equivalent to 45.5 percent more than in the same period of 2021.

Until the month of June, the company registered a total income of “16,188 million euros, 91.6 percent more, while the adjusted gross operating result (Ebitda) increased by 63.2 percent, to 2,858 million”.

The chairman of the company’s board of directors stated: our earnings have increased significantly, and the benefits will benefit the energy transition.

M. Rodríguez

Click the link to subscribe free to our news and media group on Telegram: https://t.me/G_ELSUMARIO_News

Source: larepublica.ec

La entrada RWE invests 5 billion euros in green energy in 2022 apareció primero en Bitfinance.

Investment company Contrarian Horizon Kinetics is suggesting to investors that crypto assets will enable them to meet progressive economic challenges around the world. This company, valued at $ 7 billion, recently reported that land and cryptocurrencies are two assets that can combat the devaluation of the currency.

The co-founder of the company, Peter Doyle, stressed that the global pandemic due to Covid-19 and the increase in debts of the countries will be the beginning of a “turning point” for the world economy and in his opinion the possible options to face These complications are “devaluation or default of the currency.“

“There is no way back after the pandemic and, globally, there are economic problems that translate into indebtedness or devaluation of the currency,” said Doyle. That is why he thinks that citizens should have access to this class of assets.

He also stated that savvy investors tend to focus on concentrated, low-turnover portfolios in their holdings, as they allow companies to grow to compound returns.

The company, Horizon Kinetics, is heading in the opposite direction from where other investors are. According to the firm, they research industries in depth to look for only value-driven investments.

Despite the collapse of the cryptocurrency market, the company has three funds: Small-Cap, Spin-off & Corporate Restructuring that registered the best performance during the year, with profits of more than 50 % for the organization.

While another of his funds, the Kinetics Paradigm fund, also obtained dividends in the order of 48 %, which places the firm among the top ten mutual funds in the industry.

M. Rodríguez

Source: infocoin.net

La entrada Investing in crypto can help face currency devaluation apareció primero en Bitfinance.