RWE expects to invest around £15bn in green technologies and renewables in the UK by 2030. Including its committed investments in projects already under construction.
At the Global Investment Summit in London today RWE chief executive Markus Krebber said the UK is “one of the company’s key markets”.
Much of RWE’s current investment is focused on offshore wind, where, with partners, the company is investing around £5bn into two UK offshore wind farms, Triton Knoll and Sofia.
Both projects are expected to channel 50% and 60% respectively of their total investments into UK suppliers.
Over the next decade, RWE said it is also looking to “accelerate its deployment of wind power across the UK”.
It is developing four new offshore wind farms, which represent a combined potential installed capacity of around 2.6GW, with RWE’s pro rata share standing at 1.3GW.
RWE is preferred bidder for two new adjacent offshore sites on Dogger Bank, with a potential installed capacity of 3GW.
RWE is also developing a portfolio of new onshore wind whilst pursuing floating wind ambitions in Scotland and in the Celtic Sea, off the coast of south-west Wales.
RWE said it is investing more than 90% of its capital in sustainable technologies, such as renewable energy and batteries.
Krebber said: “RWE has expertise in supplying clean energy and has over 2,600 dedicated people working in our teams across the UK, in renewables, our gas-fired plants, and our commercial supply and trading teams.
“Our teams are fully committed to RWE’s goals of sustainability and becoming net zero by 2040.
“Through our experience of investing in pioneering energies around the world, and providing stable and secure energy supply, we have the scale and experience to be a key partner in helping power the nation and we are here for the long haul.”