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In the first half of 2025, RWE reported adjusted EBITDA of €2.1 billion and adjusted net income of €0.8 billion. Adjusted net earnings per share reached €1.06—already achieving half of the company’s full-year target of €2.10 per share.
As anticipated, earnings were lower year-on-year, reflecting the normalization of income in the Flexible Generation segment and weaker trading performance. In addition, unfavorable wind conditions across Europe weighed on both offshore and onshore wind output. Offsetting these effects, the commissioning of new onshore wind farms, solar plants, and battery storage systems provided a positive contribution.
Since June 2024, RWE has brought 2.1 gigawatts (GW) of new capacity online, including around 700 megawatts (MW) commissioned in the first six months of 2025. The company now operates a diversified portfolio of 38.4 GW across renewables, batteries, and flexible generation.
- Offshore Wind: Adjusted EBITDA came in at €643 million, down from €828 million in H1 2024, primarily due to weaker wind conditions and lower proceeds from forward power sales without guaranteed prices.
- Onshore Wind/Solar: The segment delivered adjusted EBITDA of €830 million, up from €730 million in the prior-year period. Growth was driven by the addition of new generation assets, which more than offset lower wind volumes at European sites.
