On March 12, German energy company RWE announced plans for significant investment in the United States over the next five years, aiming to boost earnings and shareholder returns. RWE stated on March 12 that it will invest €35 billion (approximately $40.49 billion) by the end of 2031, with nearly half allocated to its US power generation business. The €17 billion specifically earmarked for the US will be directed towards wind and solar power plants, battery storage facilities, and flexible generation assets. Its installed capacity in the US is expected to increase from the current 13 GW to 22 GW by 2031.
Written by Cora Ji, jiruyan@mysteel.com
