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Germany's largest coal power and renewables operator RWE plans to step up its renewable investments after doubling adjusted net income to 1.2 billion euros last year, thanks to an "exceptional trading performance and the strong gas and LNG business." The company聽聽it intends to add more than 4 gigawatts (GW) of wind and solar power capacity by 2022 with net investments of 5 billion euros, thereof only one fifth in Germany. "A total of 2.7 GW in capacity is currently under construction. Furthermore, the group has a sizeable project pipeline of over 20 GW," RWE 蝉补颈诲.听颁耻谤谤别苍迟濒测, RWE has聽wind and solar power assets with a capacity of about 9 GW.聽

At present, around 12 percent of RWE's power production is from renewables, while the vast majority is generated with coal, gas, and nuclear plants, CEO Rolf Martin Schmitz said, according to a聽聽by newswire dpa carried by the S眉ddeutsche Zeitung. Within the framework of Germany's coal exit, RWE will start to switch off lignite power stations at the end of this year, and will receive compensation payments totalling 2.6 billion euros.

RWE聽is Germany's largest energy company and following a major asset swap with former competitor聽E.ON聽in 2019,聽RWE聽has also turned into Germany's largest renewable power operator. Last October, the company announced plans聽to make its business carbon neutral聽by 2040 and greatly increase its investments in renewable energy sources.