RWE to Invest $19 Billion in U.S. Gas Power as Demand Jumps ...Middle East

Germany-based utility giant RWE is expanding its U.S. portfolio beyond renewables, focusing a large part of planned $19 billion investments in the United States by 2031 on gas-fired power generation.  RWE – which ditched U.S. offshore wind last year after the Trump Administration signaled renewables would not be a priority and wouldn’t be supported going forward – is now betting big on flexible gas peaking capacity in the United States, where electricity demand is soaring and gas is cheap and abundant.   “In…

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