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

Norway's Vaar Energi Quarterly Operating Profit Lags Forecast

Portugal's Galp Second-Quarter Profit Beats Expectations, Jumps 16%

Parkwind Installs Vessels Charging System at Noblewind Offshore Wind Farm

Current News

Hornbeck Offshore Installs New DP Simulator

US Opens Bidding for Offshore Wind Acreage off Texas

Borr Drilling Scoops $332M in Three Jack-Up Rig Contracts

Twin Brothers Marine Assists US Northeast Coast Offshore Wind Development

Subscribe for OE Digital E‑News