RWE Cuts 2025-2030 Investment Plans by €10 Billion Citing Global Risks
The energy giant forecasts declining profits and raises project return expectations while emphasizing the need for regulatory stability.
- RWE plans to invest €35 billion from 2025 to 2030, a €10 billion reduction from previous targets, due to rising uncertainties.
- The company cited regulatory challenges, supply chain issues, geopolitical risks, and higher interest rates as key factors influencing the decision.
- Operational profit for 2024 fell by more than 25% to €5.7 billion, though it exceeded analysts' expectations.
- RWE forecasts further profit declines in 2025, with operational earnings expected to range between €4.55 billion and €5.15 billion.
- Despite challenges, RWE achieved a record 50 terawatt-hours of renewable energy production in 2024 and invested €10 billion in green energy projects.