Original article written by: Christoph Steitz and Tom Käckenhoff
RWE adopted a different approach from its bigger competitor Enel, which last week adopted a more cautious approach toward renewable energy projects in response to the industry-wide supply chain problems and inflation. At the group's capital markets day, Chief Executive Markus Krebber of RWE stated that none of its offshore wind projects are experiencing financial issues. This was done in response to investor concerns following corresponding writedowns by BP (BP.L), Orsted (ORSTED.CO), and Equinor (EQNR.OL).
The majority of the investment in green capacity is predicted to come from Europe and the US, with an expected nearly twofold increase to more than 65 gigawatts (GW) from 35 GW currently. According to the business, over half of the technology will be focused on onshore and offshore wind.