RWE Raises Spending Target to $60 Billion by 2030

Tuesday, November 28, 2023

Germany's top utility RWE will raise investments in green energy technologies to 55 billion euros ($60.21 billion) over the next seven years, it said on Tuesday ahead of its capital markets day.

"Thanks to our significant financial headroom, our attractive project pipeline and our extensive expertise, we are in an excellent position to continue to accelerate our transformation, even in the current challenging environment," Chief Executive Markus Krebber said.


($1 = 0.9135 euros)

(Reuters - Reporting by Christoph Steitz; Editing by Madeline Chambers)

Categories: Finance Industry News Europe Renewables Offshore Wind

Related Stories

GE Vernova Says Offshore Wind Turbine Blade Failures Are Unrelated

Mass. Maritime Renews Offshore Wind Training Partnership with RelyOn Nutec

Archer to Support TotalEnergies' Culzean Floating Wind Project

Current News

New England States Move Forward with Three Giant Offshore Wind Farms

Subsea7 Reveals it is Supporting Shell's Vito Waterflood Project

Norway Attracts 21 Bidders in Latest Oil and Gas Exploration Round

EU Grants Over $20M for Pilot Wave Energy Farm Offshore Portugal

Subscribe for OE Digital E‑News