Germany's energy giant plans to invest 17 billion euros to enter the U.S. gas power generation market

2026-04-03 18:16:48

German energy giant RWE AG announced plans to invest in and build gas power plants in the United States, while previously its operations in the U.S. were almost entirely concentrated in the renewable energy sector. According to its annual performance report, the German company plans to invest €17 billion in the U.S. by 2031 (about $19.6 billion), roughly half of its global €35 billion investment plan. The company will focus on increasing flexible gas-fired power generation capacity while further expanding its portfolio of wind, solar, and battery storage facilities.

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