RWE targets gas-fired power plants in $20 billion US expansion drive

RWE AG

12/03/2026 06:00

ESSEN, Germany, March 12 (Reuters) - RWE RWEG.DE, Germany's largest power producer, on Thursday said it would expand more aggressively in the United States, a market where data centres have significantly fuelled power demand, by investing in new gas-fired power plants.

Overall, the U.S., where RWE already has 13 gigawatts (GW) of installed solar, wind and battery storage capacity, will account for 17 billion euros ($20 billion), or nearly half, of the company's planned spending by 2031.

Installed capacity in the United States is expected to increase to 22 GW as a result, the company said.

($1 = 0.8643 euros)

 (Reporting by Christoph Steitz; Editing by Jamie Freed)

 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))