RWE intends to spend € 1.7bn ($ 1.5bn ) 2019 on renewables to increase its current 9 GW portfolio by 9 GW of installed capacity per year though a new business division. RWE received asset swap clearance from Brussels on 26 February, while Eon filed its respective request in January. RWE Renewables will focus on growth in the Americas , Asia-Pacific and Americas , encompassing onshore and offshore wind projects, in addition to solar and storage technology. RWE and EON ’s complicated transaction to form RWE Renewables may be subject to delays caused by a potential hard Brexit , but the deal is still expected to be completed in 2019 .
RWE intends to spend € 1.7bn ($ 1.5bn ) 2019 on renewables to increase its current 9 GW portfolio by 9 GW of installed capacity per year though a new business division. RWE Renewables will focus on growth in the Americas , Asia-Pacific and Americas , encompassing onshore and offshore wind projects, in addition to solar and storage technology. RWE and EON ’s complicated transaction to form RWE Renewables may be subject to delays caused by a potential hard Brexit , but the deal is still expected to be completed in 2019 .