With its four subsidiaries RWE Renewables, RWE Generation, RWE Power and RWE Supply & Trading and a portfolio of around 43 gigawatts of generation capacity, the new RWE supplies clean, reliable and affordable electricity in the future. RWE has a generation capacity from renewables including hydropower and biomass of approximately 10 gigawatts. The company intends to further expand this position by investing up to net €5 billion until 2022 in onshore and offshore wind power, photovoltaics and storage. In addition, RWE generates electricity from gas, hard coal, lignite and nuclear power. RWE Supply & Trading is the interface between RWE and the energy markets around the world. In order to push ahead with the energy transition, RWE is investing in innovative projects such as heat storage power plants, the generation and use of hydrogen as an energy source and further Power-to-X processes. The group employs a total of around 20,000 people worldwide. RWE AG is headquartered in Essen, Germany.
RWE Renewables Americas ranks among the top 10 onshore wind companies in the U.S. and the number of projects in the U.S. is growing. The US market is a strong focus of ours and our strategy for renewables is geared to growth: RWE will invest an annual amount of $1.66 billion annually to expand its wind, solar energy and storage technologies portfolio.
RWE is one of the leading international providers of renewable energy. The company owns more than 9 gigawatts of renewable energy capacity with another 2.6 GW under development. RWE thus ranks as the number 4 global renewables player and is number 2 in offshore wind capacity.
RWE committed itself to an ambitious CO2 reduction goal: Currently, around 60 percent of RWE’s electricity generation capacities are free from or low in carbon. This share will increase every year – until RWE is carbon-neutral in 2040.
We develop, own, and operate some of the most efficient, highest performing renewable energy projects in the United States. Already active in onshore wind and photovoltaic renewable generation, E.ON Climate and Renewables as RWE Renewables’ predecessor has added energy storage to its portfolio and has developed and constructed more than 3,800 megawatts of renewable capacity in the United States since 2007. As part of RWE Renewables, our goal is to deliver renewable energy from technologies that address the growing concern about energy security, energy affordability, and climate change.
The company also builds and develops large-scale photovoltaic plants in Canada.
Benefits of Renewables
Renewable energy is a clean, homegrown and affordable form of energy that pumps billions of dollars into our economy every year, particularly into rural areas. Renewables can act as a drought-resistant cash crop for farmers and ranchers to rely on to make a living and keep their land in the family.
Expansion of renewable, non-combustion energy resources helps protect people from air pollutants and contributes to significant savings in public health costs.
The outlook for prospective renewable energy jobs is excellent, offering higher than average wages and providing many career and educational opportunities. The U.S. Bureau of Labor Statistics projects that solar PV installers and wind turbine service technicians will be the two fastest-growing jobs in the United States until 2026, growing much faster than the average for all occupations.
The growth in clean energy is the result of a constant search to reduce costs, an increased demand by consumers for clean energy and constantly evolving, efficient technologies, as well as up-to-date policies and opportunities for investment.