RWE Backs Wind Energy With €55 Billion Green Technology Plan (1)

German utility RWE AG plans to expand its investment in wind energy even as the broader sector struggles with soaring interest rates and inflation.

The company expects to invest €55 billion ($60.4 billion) overall on green technologies by 2030, it said during its Capital Markets Day, held in London on Tuesday. About 35% of the amount will be devoted to offshore wind and 40% to onshore wind and solar.

The wind industry worldwide has faced challenges including rising costs and supply chain bottlenecks. RWE said its offshore expansion has already been secured with specific projects.

“We are implementing our …