RWE plans €5bn renewable energy investment

German utility to expand wind and biomass energy capacity in the UK and Poland, as well as step up North Sea offshore wind investment

By BusinessGreen staff

12 Jan 2012

German energy giant RWE is to invest about €5bn in renewable energy projects over the next four years, as it looks to almost double its installed capacity and prepare for Germany’s nuclear shutdown.

Fritz Vahrenholt, chief executive of the German utility’s renewables arm, RWE Innogy, told reporters earlier this week that new projects would include biomass plants and wind farms in the UK and Poland, as well as a €1bn offshore development in the German North Sea.

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