RWE : Marked acceleration in renewables set to spread gradually
>Ambitious investment plan - Following the Capital Market Day yesterday, RWE presented its new strategy dubbed Growing Green, which aims to deliver a massive increase in the development of renewable energies, ramping up from 1.5GW of capacity installed per year to 2.5 GW/year on average (or an acceleration in the pace of growth of +66%). The group aims to invest around € 50bn in gross terms between 2021 and 2030, with 45% in offshore wind (or € 22.5bn), 45% in onshor...RWE is an electricity and gas company. The Conventional Power Generation segment consists of the activities of RWE Power, Essent and RWE npower. The Supply/Distribution Networks Germany segment supplies electricity, gas and heat. The Supply Netherlands/Belgium segment comprises the activities of Essent in the Netherlands. The Supply United Kingdom segment comprises the operations of RWE npower. The Central Eastern and South Eastern European segment contains activities in the Czech Republic, Hungary, Poland, Slovakia, Turkey and Croatia. The Renewables, Upstream Gas & Oil and Trading/Gas Midstream segments include the activities of RWE Innogy, RWE Dea and RWE Supply & Trading, respectively.
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