Ultimate magazine theme for WordPress.

RWE plans to spend 57 billion dollars on green electricity by 2030

An RWE logo can be seen in this illustration from October 20, 2021. REUTERS / Dado Ruvic / Illustration

ESSEN, November 15 (Reuters) – RWE (RWEG.DE) plans to invest 50 billion euros (57 billion US dollars) by 2030 to increase its renewable energy c -acity to 50 gigawatts, Germany’s largest electricity producer said on Monday in one Strategy update ahead of its C -ital Markets Day.

The adjusted earnings before interest, taxes, depreciation and amortization in the core business, which excludes nuclear and coal, should more than double by 2030 to 5 billion euros, announced the company.

“Our comprehensive strategic change has been successfully completed. We are ideally positioned to play an active role in sh -ing the decisive decade of the energy transition, ”said Markus Krebber, who took over the RWE Executive Board in May.

RWE said total investments over the decade would average 5 billion euros per year for offshore and onshore wind, solar, batteries, flexible generation and hydrogen, for which RWE is aiming for 2 GW of electrolyser c -acity by 2030.

The investment plan, the largest in the 123-year history of RWE, will be financed from the company’s cash flow from ongoing business activities, it said.

($ 1 = 0.8737 euros)

Reporting by Christoph Steitz, editing by Miranda Murray, Kirsti Knolle

Our Standards: The Thomson Reuters Trust Principles.

Comments are closed.

%d bloggers like this: