RWE backs wind energy with green plan


The company expects to invest €55bil (US$60.4bil) overall on green technologies by 2030. — Bloomberg

LONDON: German utility RWE AG plans to expand its investment in wind energy even as the broader sector struggles with soaring interest rates and inflation.

The company expects to invest €55bil (US$60.4bil) overall on green technologies by 2030, it said during its Capital Markets Day, held here. About 35% of the amount will be devoted to offshore wind and 40% to onshore wind and solar.

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