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(Bloomberg) — RWE AG has announced plans to invest in gas-fired power plants in the US, where it has so far focused exclusively on renewables.
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The German energy company said it will spend €17 billion ($19.6 billion) in the US until 2031, around half of its planned global investment of €35 billion. It will focus on adding flexible gas-fired capacity while further expanding its portfolio of wind and solar power, as well as battery storage facilities, according to its annual results.
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In the US, RWE’s footprint has so far focused on onshore wind, solar and battery storage projects, and it had previously earmarked a lower share of its investments there. Its offshore wind ventures were put on hold last year due to political headwinds.
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“In the US, we are broadening our portfolio and now focusing on gas in addition to renewables,” said RWE Chief Executive Officer Markus Krebber.
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RWE is undergoing a business transformation, phasing out coal-fired generation while expanding its portfolio of cleaner energy sources. In 2025, renewables accounted for around 41% of the company’s total power output.
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In its home market Germany, RWE will invest €9 billion until 2031 in gas plants and batteries. Additionally, it plans €7 billion investments in onshore and solar in European core markets, like Germany and Australia. It will invest €2 billion in offshore wind.
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RWE reported adjusted earnings before interest, taxes, depreciation and amortization of €5.1 billion for 2025, beating average analyst estimates compiled by Bloomberg. In 2026 it expects earnings between €5.2 billion to €5.8 billion.
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English (US)