Renewables Expansion Boosts Profit at Germany’s Top Power Company

  • Utility maintains full year outlook and confirms dividend hike
  • RWE to commission 1.3GW of new wind and solar by year end
Photographer: Martin Leissl/Bloomberg
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RWE AG increased profits in the first half of the year, boosted by a growing renewables portfolio that the German utility plans to expand further with an aggressive acquisition strategy, it said in a statement on Thursday.