Germany's largest power producer RWE to spend $57 billion through 2030 in green power push
RWE plans to invest 50 billion euros ($57 billion) through 2030 to raise its renewable energy capacity to 50 gigawatts, Germany's largest power producer said on Monday in a strategy update ahead of its capital markets day.
Adjusted earnings before interest, tax, depreciation and amortisation in its core business, which excludes nuclear and coal, is expected to more than double as a result to 5 billion euros by 2030, the company said.
"Our comprehensive strategic transformation has been successfully completed. We are in a great position to actively shape the key decade of the energy transition," Markus Krebber, who took over as RWE CEO in May, said in a statement.
Nov. 15, 2021