German utility RWE has reported an improved financial result in the latest quarter but the adjusted EBITDA of onshore wind and solar decreased by more than 20%.
German utility RWE has started construction of a 100MW ground-mounted PV pipeline in Spain, made up of three separate projects, with the capacity spread across the provinces of Badajoz and Guadalajara.
German energy company RWE’s onshore renewables business has undergone a dramatic change in fortunes on 2021, with 1H 2022 seeing the unit return to profitability following a poor H1 2021 performance, while during the first half of the year the company invested €2 billion (US$2.04 billion) in the expansion of its green portfolio.
RWE and floating solar company SolarDuck have partnered to explore the commercialisation of SolarDuck’s offshore floating solar PV (FPV) technology by trailing its potential in harsh environments in the North Sea.
RWE is to invest up to €15 billion (US$16.92 billion) into its renewable portfolio in Germany by 2030 as well as expanding its workforce through hiring 200 new staff to work on developing solar PV and wind in the country
Germany’s new three-way coalition government of the SDP, Green and FDP parties have set guidelines for future energy policy in the country which include an expansion of planned renewable capacity and an accelerated phase out of coal power