The German energy group RWE has released its 2025 results, posting an adjusted EBITDA of EUR5.1bn (-10% compared to 2024 but at the upper end of the 2025 guidance) and an adjusted net income of EUR1.8bn (-22%, in line with the 2025 guidance). Gross investments totalled EUR10.8bn in 2025, including EUR5.4bn in offshore wind (+46%), EUR3.6bn in onshore wind and solar (-26%) and EUR708m in flexible generation (+37%).
During 2025, RWE's installed capacity rose by 2.8 GW to 46.8 GW (+2.7 GW of onshore wind and solar, including 1.6 GW added in the United States); overall, renewables accounted for 45% of the group's installed capacity at the end of 2025. RWE's total power generation rose by 4% to over 122 TWh (41% renewable, 31% gas, 27% coal), with gas-fired power plants accounting for the largest rise (+14% for flexible generation).
Between 2026 and 2031, RWE plans to invest EUR35bn to expand its renewable, battery storage and flexible generation capacity by 25 GW to around 65 GW. Nearly half (EUR17bn) will be invested in the United States, to raise RWE's US capacity from 13 GW to 22 GW with new wind, solar, BESS, and gas-fired peaking power plants. In Germany, the company will invest EUR9bn to add 6 GW of gas-fired and large BESS capacities (including an already announced 3 GW of new hydrogen-ready gas-fired power plants). The group will also invest EUR2bn to add 5 GW of offshore wind capacity by 2031, and a further EUR7bn to expand by 5 GW its onshore wind and solar business in its core European markets – primarily in Germany – and in Australia.
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