RWE Plans $4.7B Capital Raise to Take Majority Stake in Power Grid Operator Amprion
RWE said the purchase will make regulated grids its third business pillar and add €930 million in adjusted core profit from 2031, it said.
- On Monday, RWE raised its stake in power grid operator Amprion to a majority 55% for €3.6 billion , Germany's biggest power producer said, betting on regulated assets to strengthen business resilience.
- Chief Executive Officer Markus Krebber said the deal makes regulated infrastructure RWE's 'third pillar,' complementing renewables and gas-fired power generation as the company seeks a more robust portfolio.
- RWE funded the transaction by issuing shares representing 10% of its capital, raising around €4 billion gross proceeds, with Qatar and Norges Bank agreeing to buy €1 billion worth of shares.
- Larger peers including Engie, Enel, and Iberdrola already hold sizeable regulated asset portfolios; Krebber noted this structure enables greater investment flexibility as regulated earnings contributions rise to over 75%.
- The deal is expected to close in the third quarter of 2026, providing long-term stability in returns, while Krebber is also in talks with other Amprion shareholders for potential smaller-scale opportunities.
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RWE returns to the power grid business with a majority stake in Amprion. For CEO Markus Krebber, that sounds logical. Nevertheless, it is a reversal.
RWE to Sell €4.1 Billion in Shares to Boost Amprion Stake
(Bloomberg) — German energy company RWE AG plans to raise about €4.1 billion ($4.7 billion) selling shares in order to increase its stake in one of the country’s transmission system operators — a significant step that marks the company’s increasing shift toward regulated infrastructure assets.
Grid operators are essential for the energy transition. RWE now plans to invest around 3.6 billion euros in order to take over the majority of Amprion.
The Essen power plant group is investing 3.6 billion euros and will hold 55 percent of Amprion, Germany's second-largest high-voltage grid operator.
The Group had signed an agreement for this purpose with another shareholder. Handelsblatt had already reported on the transaction exclusively in advance.
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