RWE plans to spend € 1.5bn ( $ 1.7bn ) annually on renewables to increase its current 9 GW portfolio by as much as 3 GW of installed capacity per year though a new business division . “In terms of technologies, the company will concentrate on onshore and offshore wind as well as on photovoltaics and storage,” added the company as it reported 2018 annual results that showed EBITDA of €1.5bn for the year, down from €2.1bn for 2017. RWE Renewables will focus on projects in the Americas , Asia - Pacific and Europe , with onshore and offshore wind projects , in addition to solar and wind technology . RWE and EON ’s complicated negotiations to form Energy ##2 may be subject to delays caused by a potential hard Brexit , but the deal is still expected to be completed in 2019 .
RWE plans to spend € 1.5bn ( $ 1.7bn ) annually on renewables to increase its current 9 GW portfolio by as much as 3 GW of installed capacity per year though a new business division . RWE Renewables will focus on projects in the Americas , Asia - Pacific and Europe , with onshore and offshore wind projects , in addition to solar and wind technology . RWE and EON ’s complicated negotiations to form Energy ##2 may be subject to delays caused by a potential hard Brexit , but the deal is still expected to be completed in 2019 .