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11/28/2023, 2:02 PM (Source: TeleTrader)
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RWE-0.45%

30.970
Chart for: RWE AG   INH O.N.

RWE to invest €55B in energy transition by 2030

RWE AG announced on Tuesday that it decided to increase its investments in energy transition to €55 billion in renewable energy, batteries, flexible generation and hydrogen projects between 2024 and 2030.

"Industrialised countries worldwide are committing to net zero emissions and switching to green technologies. In order to create a sustainable, secure and competitive energy system, the years up to 2030 are of crucial importance," RWE stated. The German energy giant also noted it intends to expand its green portfolio to more than 65 gigawatts (GW) by 2030.

"We are growing green and increasing our earnings while decarbonising our portfolio even faster – in line with the 1.5-degree pathway and our goal of becoming net-zero by 2040," RWE CEO Markus Krebber stated.

Baha Breaking News (BBN) / NP