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RWE to invest US$17bn in German renewables portfolio, looking to hire 200 new staff

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RWE will consolidate its presence in German by hiring 200 new employees and opening seven new offices. Photo: RWE

RWE is set to invest up to € 15 billion ($ 16.92 billion) in its renewable portfolio in Germany by 2030, as well as expand its workforce by hiring 200 new workers to work on solar and wind PV development in the country.

The German energy giant is developing three new solar storage plus projects in the Rinisch mining district at the open-air mining sites Inden and Garzweiler. God Projects were among the winners of Germany’s innovation tenders for renewable energy, For which proposals combining two or more clean energy technologies were eligible.

RWE said the Inind hybrid system would be “the first of its kind by RWE in Europe and will generate green electricity from the summer of 2022 onwards”.

“The Garzweiler and Jackerath projects at the Garzweiler mine site are scheduled to begin operating by 2023,” the company’s press release said.

“RWE sees particularly strong potential for growth in Germany,” said Katja Wunschel, RWE COO of Wind Onshore & Photovoltaic in Europe. “That’s why we want to increase the pace here and invest up to € 15 billion gross in our green core business by 2030.”

In July, RWE upgraded its 2021 earnings forecast following a “particularly positive” earnings trend. Its core business forecast rose from 1.8-2.2 billion euros in March 2021 to 2.15-2.55 billion euros in July.

In the meantime, the company will open seven new offices in cities across Germany to support the development of ground-level PV projects and onshore wind facilities.

The new offices are to be located in Berlin, Düsseldorf, Mainz, Hilbron / Stuttgart and in the metropolitan areas of Augsburg / Munich as well as in Leipzig and Rostock.

“The company is advertising about 200 new jobs for wind and solar farms,” ​​RWE said, with more details on the vacancies found on its jobs page.

The announcement of greater investment in Germany comes after the government of the country’s new tripartite coalition set guidelines for the country’s future energy policy, which include expanding the planned renewable capacity and accelerating spending on coal power.

The coalition has agreed to double Germany’s solar target to 200GW by 2030, increase the country’s renewable energy target to 80% of electricity demand by 2030, increase from 65%, and bring forward the 2038 coal cut-off date to 2030.

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