RWE has seen a sharp year-on-year increase in first-half earnings
RWE raises 2022 renewables spend by 30pc
German utility targets €5bn investment in renewables but confirms temporary restart of lignite power plants to support winter supply
German utility RWE has raised its planned spending on renewables in the current financial year by 30pc to more than €5bn ($5.1bn), the company says in its first-half earnings statement. Spending on the green portfolio in the first half of the year came to €2bn, with a total net capacity of 1.2GW commissioned across wind, solar and battery projects. “We are investing in green technologies that are urgently needed in the whole spectrum of renewables, and also in battery storage and projects to ramp up the hydrogen economy,” says Markus Krebber, CEO of RWE. The company currently has 4.8GW of projects under construction. RWE’s increased commitment to renewables comes as it reports a sharp increa
Also in this section
14 May 2025
Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition
13 May 2025
Volatile tariffs add new risks for a sector already struggling to achieve economies of scale
30 April 2025
State administrations are using a flawed metric to justify green energy projects
29 April 2025
Spain’s unprecedented blackout highlighted the risk for green hydrogen producers with exposure to Europe’s creaking power grids
