Germany’s RWE Slashes Green Energy Investments by $11 Billion

Germany's largest electricity producer wants to grow with renewable energies worldwide. However, there should be no new wind farms on the high seas in the USA, and problems are also waiting in its home country.

More than 6,300 kilometres lie between the RWE company headquarters in Essen and the White House in Washington. Yet Donald Trump was, in a sense, involved in the balance sheet presentation. By J. Marksteiner.

RWE is preparing for world-wide, political price corrections at the energy transition. The German electricity giant is collapsing its investments – just before the final phase of German decarbonisation. CEO Krebber calls for a new start to the energy transition.

Germany’s RWE Slashes Green Energy Investments by $11 Billion

Germany’s top utility RWE is reducing its investment program for low-carbon energy projects by $10.9 billion (10 billion euros) amid mounting uncertainties about renewable energy policies and profitability. RWE’s construction projects in renewable energy, totaling more than 12 gigawatts (GW), are progressing as planned, chief executive Markus Krebber said on Thursday in comments to the 2024 financial results. However, “The company is responding …

RWE Slashes Green Spending by €10 Billion as US Risks Grow

(Bloomberg) — German energy company RWE AG said it will cut €10 billion ($10.9 billion) from its planned spending on green technologies by the end of the decade as its projects face higher investment risks, particularly in the US.

Although the past year was better than expected for RWE, the future still seems more uncertain. The Essen energy company now wants to invest significantly less money in new projects.