RWE Eyes 50 GW Green Capacity

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German utility RWE unveiled a massive 10-year green expansion plan this week. Under a €50 billion ($57 billion) gross capex program out to 2030, RWE intends to reach 50 gigawatts of installed green capacity by 2030. This will require a rough doubling of RWE’s annual green growth rate from roughly 1.2 GW per year to 2.5 GW annually. By 2030, RWE aims to have 2 GW of net operational electrolyzer capacity for green hydrogen production and triple its offshore wind capacity from 2.4 GW to 8 GW. Gas features in the expansion plans, with RWE planning to increase gas-fired capacity from 14 GW to 16 GW, with an intention to make this capacity capable of using low-carbon or synthetic gases to reduce greenhouse gas emissions.

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