2020-09-01_GENERAL DOCUMENTS - C1980004 ‎(6)‎

• Permit No: C1980004
• IBM Index Class Name: General Documents
• Doc Date: 9/1/2020
• Doc Name Note: Case No. 20-12043 ‎(GRH)‎ Hopedale Mining LLC
• Doc Name: Bankruptcy Notice
• From: Epiq Corporate Restructuring, LLC
• To: DRMS
• Permit Index Doc Type: General Correspondence
• Email Name: JRS
• Email Name: JDM
• Email Name: GRM
• Email Name: CMM
• Email Name: CCW
• Media Type: D
• Archive: No

Clse 1:20-bk-12043 Doc 281-1 Filed 08/26/20 Entered 08/26/20 10:01:13 Desc
COALTRADER THURSDAY, AUGUST 13, 2020 Exhibit A Publications Page 31 of 35
nuclear production hedged at a margin of Eur32/MWh, slides for an
investor presentation show.
For 2022, hedged margins were stable at Eur32/MWh, but expected
production volumes fell to 55-60 TWh, reflecting closure of one reactor
and further lignite units with no overall change compared during 02.
For 2023, the company expects 40-45 TWh of lignite production
hedged at a margin of Eur26/MWh after adjusting production plans to
the coal exit law with only 7 GW lignite capacity remaining part of that
unit after 2022.
RWE CFO Markus Krebber told analysts that CO2 fuel switching
prices would be less relevant in future.
RWE HEDGING POSITIONS FOR GERMAN LIGNITE AND NUCLEAR
(as of end H1-20)
Year Expected Hedge margin
Av power price
Corresponding
production
(Eur/MWh)
end -2019"
CO2 price
(TWh)
Coal
(Eur/MWh)
end-2019-
14.2
of which Germany
1.0
(Eur/mt)
2019 68*
24
29
5
2020 70-75
27
32
5
2021 70-75
32
40
8
2022 55-60
32
48
16
2023 40-45
26
5.4
2.9
*actual production, **FY -19 report
GB
9.7
18.0
Source RWE H1-20 presentation
Nuclear
10.0
9.2
Renewables pipeline
Company strategy is now firmly focused on expanding its wind and
solar portfolio from 9 GW now to around 13 GW by end -2022.
RWE plans to acquire a 2.7 -GW RES project pipeline from Nordex for
around Eur400 million - mainly focused on France - with some 500
MW expected to come online by 2025.
© 2020 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 1 14
RWE GENERATION STATS H1-20 [TWh)
Key focus will be offshore wind despite a gap emerging between
2022 when Germany's Kaskasi and Britain's Triton Knoll projects are
expected to come online and 2025 with focus on auctions.
Germany plans to auction some 10 GW of new projects for the
2025 to 2030 period with focus on the auction design proposals.
CFO Krebber, set to take over as CEO in 2021, called for a rethink
favoring so-called CfDs rather than the second component design
proposed by the government to differentiate between zero -subsidy
bids.
RWE also focuses on hydrogen with plans to develop a 100 -MW
electrolyzer at Lingen as part of the GETH2 project, while RWE will also
be part of the AquaVentus vision for an offshore hydrogen production
cluster around the North Sea island of Heligoland. RWE has joined the
European Clean Hydrogen Alliance, it said Aug. 11.
- Andreas Franke
H1-20
1-11-19
FY -19
Lignite
14.3
24.7
48.3
Coal
2.5
8.2
14.2
of which Germany
1.0
2.5
4.7
NL*
1.5
5.3
8.8
GB
0.0
0.4
0.7
Gas
21.3
24.7
50.6
of which Germany
4.3
3.0
7.8
NL
5.4
2.9
6.6
GB
9.7
18.0
33.5
Nuclear
10.0
9.2
21.2
RES
15.4
5.9
16.4
of which offshore wind
3.7
1.4
Total
64.5
73.7
153.2
*including biomass co -firing
Source. RWE
Key focus will be offshore wind despite a gap emerging between
2022 when Germany's Kaskasi and Britain's Triton Knoll projects are
expected to come online and 2025 with focus on auctions.
Germany plans to auction some 10 GW of new projects for the
2025 to 2030 period with focus on the auction design proposals.
CFO Krebber, set to take over as CEO in 2021, called for a rethink
favoring so-called CfDs rather than the second component design
proposed by the government to differentiate between zero -subsidy
bids.
RWE also focuses on hydrogen with plans to develop a 100 -MW
electrolyzer at Lingen as part of the GETH2 project, while RWE will also
be part of the AquaVentus vision for an offshore hydrogen production
cluster around the North Sea island of Heligoland. RWE has joined the
European Clean Hydrogen Alliance, it said Aug. 11.
- Andreas Franke