With the acquisition of Essent for EUR 9.3 billion, RWE achieved its goal to establish a significant market presence in the Dutch market. Essent fits well with RWE’s generation portfolio and adds a 3’000 MW wind power development pipeline to the group. Given its strong balance sheet, a 6% yield and little power price exposure in 2009 and 2010, RWE remains a key holding of the fund.