RWE to Invest $19.6 Billion in US With Focus on Gas Generation

Article content(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.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe 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.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentIn 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. Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article content“In the US, we are broadening our portfolio and now focusing on gas in addition to renewables,” said RWE Chief Executive Officer Markus Krebber.Article contentRWE 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.Article contentIn 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.Article contentRWE 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.Article contentArticle contentArticle contentArticle contentTrending 82 Canadians crack Forbes’ 2026 list of the world’s billionaires. Here's the top 10 High Net Worth Should couple in their 50s who want to retire tap into RRSPs or apply for CPP?

Family Finance What's next for Roots, the iconic Canadian brand that said it might put itself up for sale? Retail & Marketing Posthaste: Canada is losing the productivity battle, even in the grocery aisles News Here's why bets are rising for interest rate hikes including for Canada Economy Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. 82 Canadians crack Forbes’ 2026 list of the world’s billionaires. Here's the top 10 High Net Worth Should couple in their 50s who want to retire tap into RRSPs or apply for CPP?

Family Finance What's next for Roots, the iconic Canadian brand that said it might put itself up for sale? Retail & Marketing Posthaste: Canada is losing the productivity battle, even in the grocery aisles News Here's why bets are rising for interest rate hikes including for Canada Economy