RWE plans €5bn renewables expansion

13/03/2020 09:51 Renewable

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RWE plans to invest €5bn in renewables by 2022 to add 4GW of wind and solar capacity to its portfolio.

The German company said it has 2.7GW currently under construction and has an overall project pipeline of over 20GW.

 

About 20% of the investments to 2022 will be in Germany, representing about €1bn in value.

 

The other core growth markets are Europe, North America and Asia-Pacific, RWE said.

 

In 2020, RWE expects adjusted earnings from offshore wind of between €900m and €1.1bn, compared with €961m in 2019.

Source: reuters.com

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