RWE Secures 2.1 GW German Hydrogen-Ready Plant Awards as Lingen Turbine Enters Testing
Published on 11/09/2026 at 05:31 | Editorial boerse-global.de
RWE has won the backing of Germany's federal network regulator for three hydrogen-capable power plant projects totalling roughly 2,100 megawatts, a decision that sets the utility's construction pipeline in motion and drew fresh attention from sell-side analysts.
The Bundesnetzagentur awards, announced on 3 November, cover sites at Voerde, Weisweiler and Werne. RWE said building work on the first of the three facilities will get under way within a few weeks. The stock added 0.9% on Friday.
Two brokers came away from the announcement with their ratings intact. UBS reiterated its Buy call and EUR 68 price target, with analyst Wanda Serwinowska pointing to the outcome of the regulator's first tender for new gas-fired capacity. Jefferies also kept its Buy rating and EUR 75 target; analyst Ahmed Farman focused on the three gas plant awards. Neither house altered its stance or its target.
Should investors sell immediately? Or is it worth buying Rwe?
Hydrogen turbine starts test phase in Lingen
Alongside the auction result, RWE reported progress on the hydrogen side. Together with Kawasaki Heavy Industries, the company commissioned a hydrogen-capable gas turbine at the Emsland gas plant site in Lingen. The unit has a capacity of 34 MW, and over a multi-month test programme the partners intend to trial power generation with up to 100% hydrogen. RWE described the turbine's commissioning and the planned hydrogen trials as separate steps, with the hydrogen use at Lingen remaining the subject of that testing phase for now.
Wind expansion produced its own flow of announcements. On Thursday, RWE and the town of Bedburg brought their joint Bedburg 3 wind farm online. Its nine turbines have a combined 60 MW, lifting the partners' total installed wind capacity in Bedburg to 156 MW. RWE holds 51% of the project, with the town of Bedburg owning the remaining 49%.
A day earlier, on 2 November, RWE commissioned the Serra Palino wind farm in Apulia, Italy, with 47.2 MW. According to the company, the facility comprises eight turbines and can supply roughly 40,000 Italian households on a calculated basis.
Investors now look ahead to RWE's interim report on the first three quarters of 2026, scheduled for 11 November 2026, when both language versions are due to be published alongside an investor and analyst conference.
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