RWE’s Innogy to expand into US market

Facebook
Twitter
LinkedIn
Reddit
Email
RWE's new IPO innogy has set out plans to penetrate the US market with wind projects and electric vehicle charging. Source: RWE

After the recent IPO, RWE’s renewable energy subsidiary Innogy has decided to expand into the US market, according to local reports.

Innogy CEO Peter Terium told German news outlet Welt am Sonntag: “We want to invest around €6.5 billion between 2016 and 2018,” adding that much of the investment will be diverted into networks and infrastructure. But in addition, Innogy plans to build wind farms in the US, for the first time.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“Innogy is looking for conditions with which we have already gained experience in Germany: smaller parks on areas with difficult wind profiles. There are not many companies that can build a profitable wind farm under such conditions.”

Innogy, which was spun off from Germany energy utility RWE with a stock market listing earlier this week, also sees an opportunity to push electric vehicles in the US market thanks to regulatory backing. “Three weeks ago, we were able to convince the Californian regulatory authority to adopt the technical standards and standards from Germany in the case of charging columns for electric cars,” Terium told the Welt am Sonntag.

California is in fact one of the world’s leading markets for “electric mobility” as pointed out by the Welt am Sonntag; particularly as the state recently introduced several bills for the acceleration of energy storage and EV. Innogy, which has reportedly installed more than 3,100 electric car charging stations in Germany sees the accommodating regulatory framework in California as an opportunity to set a precedent for other German carmakers. 

Solar Media is hosting the third Solar Finance & Investment USA conference in New York on 25-26 October 2016.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

September 9, 2025
Nautilus and Summit Ridge Energy secured major financing deals to expand community solar projects across multiple US states.
September 9, 2025
The US is forecast to reach between US$55-60 billion in clean energy tax credit monetisation in 2025, according to a report from clean energy financing technology platform Crux.
September 9, 2025
The US Solar Energy Industries Association (SEIA) has released a policy blueprint which it claims would “strengthen the reliability of America’s electric grid with solar and storage technologies.”
September 9, 2025
US solar tracker manufacturer Nextracker has acquired Origami Solar, a steel frame technology-focused company, for approximately US$53 million. 
September 9, 2025
Leading solar industry professionals discussed the importance of US solar PV manufacturing at the RE+ trade show in Las Vegas, US.
September 9, 2025
The US installed 17.92GW of new capacity in the first half of 2025, with quarterly declines in additions for utility-scale and residential solar.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines