Energy
Capital Group Buys 3% Stake in German Renewable Player RWE
The Niederaussem lignite fueled power station, operated by RWE AG, beyond a wind turbine in Bergheim Niederaussem, Germany.
Photographer: Alex Kraus/BloombergUS asset manager Capital Group Cos. bought a 3% stake in German utility RWE AG, underscoring investor appetite for clean energy remains despite a shift in America’s political environment.
RWE has become one of the largest renewable energy operators in the US following its 2023 acquisition of Con Edison’s clean energy business. Earlier this year, however, the company cut €10 billion from its planned green technology investments, citing higher project risks, particularly in the US.