The goals of the expansion are to ensure energy security and decarbonisation, improve customer services and prepare for future business models.
The investment will be directed into offshore and onshore wind, solar, batteries, flexible generation and hydrogen energy technologies and infrastructure.
The plan increases RWE’s annual investment in clean energy to €5 billion ($5.7 billion) and capacity additions by 2.5GW, well above the company’s 1.5GW initial target, according to RWE.
The strategy also increases RWE’s clean energy capacity by 25GW through 2030 in Europe, North America, and the Asia-Pacific region.
