RWE examines possible entry into U.S. biomass market, paper
FRANKFURT, Nov 4 (Reuters) - German utility company RWE (RWEG.DE: Quote, Profile, Research) is examining a possible entry into the U.S. biomass market, according to a German daily on Wednesday, citing the head of RWE unit Innogy.
"Biomass is still a completely underrated treasure of the Americans," Fritz Vahrenholt said in a pre-release of his interview with Financial Times Deutschland's Thursday edition.
Varenholt said the best way to get into that market is through an acquisition.
Innogy currently operates biomass-based power stations with an output of 114 megawatts and plans to boost it to 400 megawatts in the next four years, the report said.
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