RWE reported higher earnings in the first quarter of 2026, supported by stronger wind conditions in Europe and additional renewable energy capacity brought online over the past year. The company continued expanding its renewable energy portfolio during the quarter, with new wind farms, solar farms and battery storage facilities commissioned since the end of March 2025 contributing 2.3 GW of additional capacity. Plants with a combined capacity of 10.4 GW are currently under construction.
RWE achieved adjusted EBITDA of 1.6 billion euros in the first quarter of 2026, compared to 1.3 billion euros in the same period last year, while adjusted net income increased to 0.6 billion euros from 0.5 billion euros.
The company said improved wind conditions in Europe and a compensation payment from the Dutch state supported earnings, while weaker performance in the Supply & Trading business partly offset the gains.
Adjusted EBITDA in the Offshore Wind segment reached 570 million euros, compared to 380 million euros in the first quarter of 2025. RWE attributed the increase mainly to higher production volumes following low wind speeds during the same period last year.
The Onshore Wind/Solar segment recorded adjusted EBITDA of 507 million euros, compared to 496 million euros a year earlier. According to the company, earnings benefited from additional generation capacity and improved wind conditions in Europe, although foreign exchange effects and lower electricity hedge prices weighed on results.
RWE invested 2.3 billion euros net during the first quarter of 2026 and expects full-year net investments to range between 6 billion euros and 8 billion euros.
For the 2026 financial year, RWE expects adjusted EBITDA of between 5.2 billion euros and 5.8 billion euros, with adjusted net income forecast between 1.55 billion euros and 2.05 billion euros.
