RWE to invest $21B in the UK by 2030 to accelerate green transition

RWE, Germany’s largest power producer, announced it’s investing $21 billion in the UK by 2030 to accelerate its transition. The announcement comes as CEO, Markus Krebber is taking part in the Global Investment Summit in London.  Firstly, the announced investment includes the already announced investment of five billion pounds into two offshore wind parks; one of which started the construction phase back in June. Those are the Triton Knoll and the Sofia offshore wind parks, the latter being the one that began construction recently.  Indeed, much of the activity of RWE in the UK focus on offshore wind. Apart from the projects mentioned above, the company is currently developing four new offshore wind farms, representing a combined potential installed capacity of around 2.6 GW.

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