RWE in €15bn German renewables push
Investment in local wind and solar projects comes as new German coalition government targets 80pc renewables by 2030
German energy company RWE is stepping up its push into renewables in Germany with plans to invest up to €15bn ($16.9bn) in wind and solar to 2030. The expansion will include setting up seven new regional offices across the country to focus on local projects, creating about 200 jobs, according to the Essen-based company. The new strategy, called ‘Tailwinds for Germany’, comes as the country’s new coalition government officially agrees to push ahead with its agenda, which includes boosting the share of renewables to 80pc from about 40pc currently. “RWE sees particularly strong potential for growth in Germany” Wuenschel, RWE A mainstay of the renewables strategy drawn up by the coalitio
Also in this section
19 December 2024
The utility-scale battery energy storage system market is evolving rapidly, with diverse offtake models emerging to offer bespoke, flexible contracting solutions
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions