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RWE Raises 2026, 2027 Offshore Wind Earnings Outlook After First-Half Results ‘Exceed Market Expectations’

RWE’s Offshore Wind segment posted adjusted EBITDA of EUR 810 million for the first half of 2026, up from EUR 643 million a year earlier, driven by higher electricity generation under more normal wind conditions. Full-year 2026 EBITDA guidance for the division was raised by EUR 100 million to EUR 1.65–2.15 billion, and 2027 guidance by EUR 100 million to EUR 2–2.5 billion. Group-wide preliminary H1 adjusted EBITDA reached EUR 3 billion and adjusted net income EUR 1.3 billion, exceeding market expectations; the group outlook was lifted citing stronger operations, an increase in the Amprion transmission stake to 55% (unconditionally cleared by the German cartel office on 17 July), compensation in the Flexible Generation business, and higher international power earnings. CFO Michael Müller confirmed the EUR 1.32 per share dividend target for 2026 and the ambition of a 10% annual increase through 2031.
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