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
8 March 2025
Honouring the trailblazing women shaping the future of hydrogen
4 March 2025
Rising power demand has boosted the prospects for CCS as some more established transition technologies come under pressure
27 February 2025
Governments working at pace to create compliance and voluntary markets and carbon tax regimes, with Indonesia, Malaysia, Singapore among the frontrunners
18 February 2025
Demand for CCS to abate new gas-fired plants is rising as datacentres seek low-carbon power, Frederik Majkut, SVP of industrial decarbonisation, tells Carbon Economist
