RWE Increases Capital Spending as Germany's Renewables Sector Picks Up

Researched by Industrial Info Resources (Sugar Land, Texas)--German multinational energy company RWE AG (Essen) is set to invest US$1.31 billion in a wide range of projects in Germany through 2030.

The company has a footprint in businesses like electric power generation, transmission and renewable energy, and now has ventured into Germany's chemical sector, with five large green hydrogen/green ammonia projects totaling US$808.44 million in value.

RWE also is stepping up the expansion of renewables by investing US$505 million in the addition of more than 100 megawatts (MW) of grassroot windfarms at various locations through 2030.

In addition, RWE has partnered with BASF SE (Ludwigshafen, Germany) to build a 500-MW electrolyser plant in northwest Germany, which will supply green hydrogen to the most energy-intensive chemical site in Ludwigshafen, with an investment value of approximately US$500 million.

Industrial Info is tracking 47 capital projects by RWE AG in Germany, valued at US$7.83 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can click here for a list of detailed project reports.

Click on the image at right for a chart showing RWE's project investments in Germany by state.

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