SUBSCRIBE
PROFILE

RWE posts €2.1bn adjusted EBITDA in H1 2025 despite adverse wind conditions

German group RWE maintains its annual targets after achieving half its earnings-per-share forecast, despite declining revenues in offshore wind and trading.

Share:

Gain full professional access to energynews.pro from 4.90€/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90€/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90€/month

*Special launch offer: 1st month at the indicated price, then 14.90 €/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99€/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99€/year

*Introductory annual price for year one, automatically renewed at 149.00 €/year from the second year.

Sign up for free to unlock this article

German energy group RWE AG reported adjusted EBITDA of €2.1bn ($2.29bn) in the first half of 2025, alongside adjusted net income of €800mn ($872mn), according to results published on August 14. Adjusted earnings per share reached €1.06, representing 50% of the full-year target of €2.10.

Segment results show mixed performance

The Offshore Wind segment generated adjusted EBITDA of €643mn ($701mn), down from €828mn in the same period in 2024. This decrease was mainly due to weaker wind conditions in Europe and lower revenues from electricity sales without guaranteed prices. In contrast, the Onshore Wind and Solar segment increased its revenues to €830mn ($905mn), up from €730mn a year earlier, driven by new generation capacity coming online.

Flexible Generation posted adjusted EBITDA of €595mn ($648mn), compared to €1.01bn in 2024, reflecting a forecasted normalisation of margins on forward electricity sales. The Supply and Trading segment saw a sharp decline, delivering only €16mn, versus €318mn previously, due to weak performance in proprietary trading.

Growing portfolio despite debt pressure

Since the end of June 2024, RWE has commissioned 2.1 gigawatts (GW) of new capacity, including 700 megawatts (MW) during the first half. The group now operates an integrated portfolio of 38.4 GW comprising renewables, batteries and flexible generation. Currently, 11.2 GW are under construction, with more than 3 GW scheduled to be commissioned by the end of 2025.

Net debt stood at €15.5bn ($16.94bn) as of June 30, 2025, up from the end of 2024, mainly due to net investments of €2.5bn. RWE plans to invest €7bn ($7.65bn) over the full year while keeping within its internal leverage limit of 3.0 times adjusted EBITDA.

Forecasts confirmed and long-term targets unchanged

RWE confirmed its guidance for the full year 2025, with adjusted EBITDA expected between €4.55bn and €5.15bn, and adjusted net income between €1.3bn and €1.8bn. The company also plans to raise its dividend to €1.20 per share.

Long-term targets remain unchanged, with adjusted earnings per share expected to reach approximately €3 in 2027 and €4 in 2030. “Our portfolio expansion is progressing rapidly,” said Markus Krebber, Chief Executive Officer of RWE AG, as quoted in the release.

  • Popular on energynews.pro
Sweden commits $20.2bn in loans to boost civil nuclear power
German Greens oppose nuclear project linking Framatome to Rosatom
Statkraft files application to increase production at Alta by 20%
TVA and Type One Energy target a 350 MWe fusion power plant
Endesa connects 24 MW wind farm in Spain after complete modernisation
OMV fires executive accused of links to Russian espionage in Vienna
OMV terminated the contract of one of its executives after suspicions of spying for Russia, prompting the Austrian Ministry of Foreign Affairs to summon a Russian diplomat.
ABO-Group records 17.7% growth despite declining profitability
ABO-Group’s revenue reached €53.7mn ($57.2mn) in H1 2025, supported by targeted acquisitions and strong performance in France and the Netherlands.
Waaree Sustainable Finance invests in Warehouse Now to capture India’s logistics potential
Waaree Sustainable Finance has announced a strategic investment in Warehouse Now, a fast-growing on-demand warehousing company in India, reinforcing the group’s focus on structurally high-return sectors.
Morgan Stanley merges energy and utilities teams into new global group
The US investment bank is restructuring its operations by merging its energy and utilities divisions to form a global power and energy unit.
Gibson Energy renews share buyback programme for 12 months
Gibson Energy has received approval from the Toronto Stock Exchange to extend its normal course issuer bid, covering up to 7.5% of the public float over a one-year period starting 18 September.
PEMEX exceeds $9.9bn cap in bond repurchase offer
Petróleos Mexicanos received offers surpassing the $9.9bn cap set for its debt repurchase programme, resulting in oversubscription during the initial phase of the operation.
Orazul Energy Perú buys back 68% of its 2027 bonds in cash tender offer
The Peruvian power producer completed a cash tender offer for its 5.625% senior notes, reaching a participation rate of 68.39% at the close of the operation.
Colbún buys back 53% of its 2027 notes for $266mn
Chilean power producer Colbún has completed its cash tender offer for 3.950% notes due 2027, repurchasing more than half of the outstanding amount for a total of $266mn.
Iberdrola secures 84% of Neoenergia after €1.88bn acquisition
Iberdrola strengthens its presence in Brazil by acquiring PREVI’s stake in Neoenergia for BRL11.95bn, raising its ownership to 84%.
Madison Energy Infrastructure raises $800mn to support large-scale projects
US-based Madison secures $800mn debt facility to finance energy infrastructure projects and address rising grid demand across the country.
Anglo American and Teck merge to form copper giant in zero-premium deal
The announced merger between Anglo American and Teck forms Anglo Teck, a new copper-focused leader structured for growth, with a no-premium share structure and a $4.5bn special dividend.
Voltalia unveils SPRING, a strategic plan to restore profitability by 2026
Voltalia launches a transformation programme targeting a return to profit from 2026, built on a refocus of activities, a new operating structure and self-financed growth of 300 to 400 MW per year.
Ineos pulls capital from the UK and commits £3bn investments in the US
Ineos Energy ends all projects in the UK, citing unstable taxation and soaring energy costs, and redirects its investments to the US, where the company has just allocated £3bn to new assets.
Eskom rules out summer load shedding with 4000 MW added capacity
Eskom forecasts a load-shedding-free summer after covering 97% of winter demand, supported by 4000 MW added capacity and reduced operating expenses.
GE cuts 600 energy jobs in Europe, including 120 in France
GE Vernova will cut 600 jobs in Europe, with the Belfort gas turbine site in France particularly affected, amid financial growth and strategic reorganisation.
Orazul Energy launches cash tender offer for its 2027 notes
Orazul Energy Perú has launched a public cash tender offer for all of its 5.625% notes maturing in 2027, for a total principal amount of $363.2mn.
SOLV Energy strengthens infrastructure capabilities with two strategic acquisitions
SOLV Energy expands its nationwide services in the United States with the acquisitions of Spartan Infrastructure and SDI Services, consolidating its presence across all independent power markets.
Plural raises $7.13mn to fund decentralised energy assets
Tokenised asset platform Plural secures $7.13mn to accelerate financing of distributed infrastructure including solar, storage, and data centres.
Santander injects funds into Corinex to accelerate power grid digitalisation
Santander Alternative Investments has invested in Corinex to accelerate the deployment of its smart grid solutions, aiming to address growing utility needs in Europe and the Americas.
Industrial control transformer market to reach $1.48bn by 2030
Driven by grid modernisation and industrial automation, the global control transformer market could reach $1.48bn in 2030, with projections indicating steady growth in energy-intensive sectors.

Log in to read this article

You'll also have access to a selection of our best content.