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News quarterly figures: RWE increases investments in green electricity to 5 billion euros

15:00  11 august  2022
15:00  11 august  2022 Source:   wiwo.de

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Das RWE Gas- und Dampfturbinenkraftwerk Gersteinwerk in der Lippe. Foto: dpahttp://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA10y4pw.img?h=152&w=270&m=6&q=60&o=f&l=f © provided by Wirtschaftswoche The RWE gas and steam turbine power plant Gersteinewerk in the lip. Photo: DPADATA portal copyright =

RWE AG invests more than planned in the expansion of renewable energies to make Europe more independent in view of the tightening of the energy crisis in the region.

Germany's largest electricity producer wants to spend more than 5 billion euros on green technologies such as wind, solar and batteries as well as the rapid of hydrogen this year, it said in a statement on Wednesday. That is 30 percent more than in May. The company also confirmed its higher profit figures, which were published in advance two weeks ago.

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Europe has faced the worst energy crisis for decades and tries to take precautions. Governments and politicians in Brussels have focused on plans to secure care before winter in recent months, since Russia is delivering fewer natural gas.

"All of this is urgently needed to make energy supply more independent and climate -neutral," said CEO Markus Krebber in the message.

The adjusted result before interest, taxes and depreciation rose by 63 percent to 2.9 billion euros in the first half of the year, RWE said.


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also raised the outlook last month and now expects a profit between 5 billion euros and 5.5 billion euros, since the company benefits from energy prices to record high and the income from the Trade have increased.

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