German company RWE, and the UK’s largest power generator, has cut its investment in green energy following the lead several other major companies in a post-Trump election world.

RWE, which produces 15 per cent of the UK’s power, has faced lower a profit forecast in a operating environment that has filled with uncertainties.

Markus Krebber, CEO of RWE said: “Given higher uncertainties in the investment environment, we have raised the requirements for future investments. As a result of stricter risk management and higher return expectations, we will invest less than previously planned through to 2030.”

This means that investments in new wind and solar farms, energy storage, electrolysers or flexible power plants will be put into doubt as the company responds to regulatory uncertainties, constraints in the supply chain, geopolitical risks and higher interest rates. RWE will invest less in the coming years than previously planned with a total of €35bn for the years from 2025 to 2030, about €10bn less than previously planned.

In November, RWE announced that it was delaying investments due to greater risks for offshore wind projects in the US and a slower ramp-up of the European hydrogen economy. The funds saved are being used for a share buyback programme of up to €1.5bn, to be completed by the second quarter of 2026.

The decision to rein in spending, especially on renewable energy projects, echoes that of Orsted and BP, and in unlikely to be the last.

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