RWE Cuts 2025-2030 Investment Plans by €10 Billion
The energy giant adjusts its strategy, citing economic and geopolitical challenges, while maintaining its focus on renewable energy growth.
- RWE plans to invest €35 billion from 2025 to 2030, down from the previously announced €45 billion, due to increased economic uncertainties.
- The company attributes the reduction to regulatory uncertainties, supply chain issues, geopolitical risks, and rising interest rates.
- RWE's operating profit in 2024 fell by over 25% to €5.7 billion, though the decline was less severe than analysts had forecasted.
- In 2024, RWE achieved record-high renewable energy production of nearly 50 terawatt-hours, adding approximately 2 gigawatts of new capacity.
- RWE operates renewable energy facilities primarily in the United States, United Kingdom, Germany, and the Netherlands, with plans to increase return requirements for new projects from 8% to 8.5%.