RWE to spend US$ 17bn in German renewables portfolio, looking to employ 200 new staff

• RWE is to invest as much as EUR15 billion (US$ 16.92 billion) into its eco-friendly portfolio in Germany by 2030 along with increasing its workforce through working with 200 new staff to work on creating solar PV as well as wind in the nation.

The German power titan is developing three new solar-plus-storage projects in the Rhenish mining district on the sites of the Inden and Garzweiler opencast mines. The projects were among victors in Germany's Innovation Tenders for renewable energy, for which quotes combining two or even more clean power modern technologies were eligible.

RWE said the crossbreed system in Inden will be "the very first of its kind by RWE in Europe and will certainly produce green electricity from the summer of 2022 onwards".

" The Garzweiler and also Jackerath projects on the website of the Garzweiler opencast mine are to begin operation from 2023," it stated using a firm news releases.

" RWE sees particularly solid possibility for growth in Germany," stated Katja Wunschel, RWE's COO of Wind Onshore & Photovoltaic in Europe. "We thus intend to step up the pace right here and invest up to EUR15 billion gross in our green core company by 2030."

In July, RWE upgraded its revenues projection for 2021 after an "incredibly favorable" profits trend. Its core company's outlook went from EUR1.8- EUR2.2 billion in March 2021 to EUR2.15- EUR2.55 billion in July.

Meanwhile, the business will open up 7 new workplaces in cities throughout Germany to support the development of ground-mounted PV projects and also onshore wind facilities.

The new workplaces are to be situated in Berlin, Duesseldorf, Mainz, in the Heilbronn/Stuttgart and in the Augsburg/Munich metropolitan areas along with in Leipzig and also Rostock.

"The business is marketing around 200 new jobs for developing wind and also solar farms," RWE stated, with additional details of vacancies located on its jobs page.

The statement of greater financial investment in Germany follows the country's new three-way coalition government set guidelines for future energy policy in the nation, that include an expansion of intended sustainable ability and also a sped up eliminate of coal power.

The coalition has actually accepted double Germany's solar target to 200GW by 2030, increase the nation's renewables target to 80% of electrical power need by 2030, up from 65%, as well as advance the coal phase-out date from 2038 to 2030.