RWE, one of Germany’s largest global-power producers, has plans to invest €50 billion ($57 billion) through 2023, totaling 50 gigawatts, as part of its “Growing Green” strategy.
“As a result, adjusted EBITDA in our core business will increase by an average of 9 percent per year, with a target of €5 billion [$5.7 billion] by 2030. Leading the way to a green energy world, we are fully committed to driving forward the climate-neutral transformation of industry and society, very much in the spirit of our purpose: Our energy for a sustainable life,” said Markus Krebber, CEO RWE AG.
By 2030, RWE intends to triple its offshore-wind capacity from 2.4 gigawatts to 8 GW. These activities are focused on Europe as well as North America and Asian markets, where the company works together with partners. For onshore wind and solar, RWE is expanding its installed-generation capacity from 7 GW to 20 GW. The emphasis is split roughly 50-50 between onshore wind and so