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RWE Doubles Down on Capital Spending as U.S. Renewable Momentum Picks Up

RWE Doubles Down on Capital Spending as U.S. Renewable Momentum Picks Up

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Industry Segment: Power | Word Count: 805 Words
Attachment: RWE-1Q21

SUGAR LAND--May 14, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--It may be based in Europe, but RWE AG (Essen, Germany) was not immune to the effects of Winter Storm Uri in the U.S. Combined with weaker-than-average winds across Europe, these factors nearly halved the multinational energy company's profits from the same quarter in 2020. Nonetheless, RWE nearly doubled its capital spending year over year, as it expects demand for renewable-energy services--on which it has focused much of its recent acquisitions and development--to continue its growth, especially in North America. Industrial Info is tracking nearly US$35 billion worth of active RWE projects worldwide, including US$8.4 billion in the U.S.

Within this article: Details on some of RWE's major projects across the U.S., including a disputed offshore wind development and a series of high-profile solar and wind projects spanning Texas, New York, Ohio and Georgia.

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