RWE has reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of €5.1 billion for fiscal year 2025, alongside adjusted net income of €1.8 billion. The company stated that all business segments performed within the middle to upper range of their forecasted expectations during the year.
The Onshore Wind/Solar segment delivered the largest contribution to EBITDA at €1.74 billion, followed by Offshore Wind with €1.49 billion and Flexible Generation with €1.41 billion. The company’s Energy Trading division added €339 million to EBITDA, while €114 million was attributed to “Other, Consolidation.”
By the end of 2025, RWE’s total generation capacity stood at just under 49 gigawatts (GW). Capacity from lignite remained largely unchanged at approximately 5.83 GW, while gas-fired generation stood at 15.76 GW. Other generation sources, including hard coal and waste incineration, accounted for around 2.6 GW.
Growth was recorded in energy storage and renewable energy capacity. Pumped and battery storage capacity increased from 2.65 GW in 2024 to 3.26 GW in 2025, driven entirely by battery storage additions. Renewable energy capacity also expanded from 19.23 GW to 21.39 GW over the same period.
Within the renewable portfolio, offshore wind capacity remained stable at 3.29 GW, while hydropower stood at 465 megawatts (MW) and biomass at 798 MW. However, onshore wind capacity increased from 8.97 GW to 9.71 GW, and solar photovoltaic capacity rose significantly from 5.71 GW to 7.01 GW.
Pumped-storage power plant capacity remained unchanged at 162 MW in 2025, while gas-fired power plant capacity saw a marginal rise from 15.99 GW to 16 GW. Battery storage capacity, however, recorded a notable increase, growing from 1.1 GW to 1.71 GW.
Looking ahead, RWE has outlined an investment plan of €35 billion by 2030, with a strong focus on renewable energy development and gas-fired power plants, particularly in the United States. In Germany, the company has already announced investments in hydrogen-capable gas-fired power plants with a combined capacity of up to 3 GW.
In addition, RWE plans to invest €9 billion in flexible backup power and battery storage projects in Germany, which will add approximately 6 GW of new capacity, including gas-fired plants.
In the United States, the company intends to invest €17 billion, aiming to expand its installed capacity from 13 GW to 22 GW. The expansion will include wind, solar photovoltaic projects, battery storage systems, and gas-fired peak load power plants.
Supported by this investment program, RWE expects stronger financial performance in the coming years. The company forecasts EBITDA between €5.2 billion and €5.8 billion in 2026, rising further to €6.2 billion to €6.8 billion by 2027.
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