On 21 May 2012, German utility RWE AG announced that it would target 6.5 GW of offshore wind capacity, mainly off the coasts of Germany and the UK, as well as 5 GW of onshore wind capacity installed in Germany, the UK, the Netherlands, Poland, Spain, and Italy by 2025. RWE, through its subsidiary RWE Innogy, plans to invest €4 billion by 2014 to finance these objectives. In addition, RWE aims to build a 100 MW hybrid wind-solar PV project in Morocco as part of the Desertec Industrial Initiative. RWE's net renewable capacity stood at 3.8 GW at the end of 2011. Wind and biomass comprise 4% and 3% of RWE's total net installed capacity, respectively (41 GW at the end of 2011). RWE was the eighth-largest owner of renewables in 2011. Key trends in this On Point include: RWE's plan aligns with Germany's energy transition. RWE follows European utilities' regionalization trend. With hybrid, RWE opts for innovative solution.
On 21 May 2012, German utility RWE AG announced that it would target 6.5 GW of offshore wind capacity, mainly off the coasts of Germany and the UK, as well as 5 GW of onshore wind capacity installed in Germany, the UK, the Netherlands, Poland, Spain, and Italy by 2025. RWE, through its subsidiary RWE Innogy, plans to invest €4 billion by 2014 to finance these objectives. In addition, RWE aims to build a 100 MW hybrid wind-solar PV project in Morocco as part of the Desertec Industrial Initiative. RWE's net renewable capacity stood at 3.8 GW at the end of 2011. Wind and biomass comprise 4% and 3% of RWE's total net installed capacity, respectively (41 GW at the end of 2011). RWE was the eighth-largest owner of renewables in 2011. Key trends in this On Point include: