The European energy sector is facing major challenges: by 2020 power stations with a total output of 400,000 MW must be built or modernised. To achieve the EU’s goals of reducing CO2 emissions, half of the fossil fuel power stations alone must be replaced. Accounting for over 45 percent of electricity supplies, efficient coal and gas-fired power stations will continue to form the basis for secure energy supplies in Europe in the coming decades. Nuclear power and renewables complete the “future-proof” mix of power sources.
European energy utility companies will invest billions of Euros in durable power supplies over the next few years, which will provide significant impetus to both the economy and the labour market. RWE’s response is to commit the largest investments in its corporate history: it will invest over €12 billion in new power station construction during the next ten years.