RWE’s electricity production.

The closure of RWE would have an enormous impact on the company fundamentals

The Conflict With RWE, Without Definitive Decision Before 2020

Last week, the Superior Administrative Tribunal in Münster decided not to allow RWE to clear the Hambach forest for mining. This decision, which was not expected (the share value of the company fell almost 8%), could imply a significant reduction in the extraction of lignite, and thus in RWE’s electricity production. Strategists at Santander consider three different scenarios for a solution: