"European energy companies are planning record investments in renewable energy over the coming years, business-daily Handelsblatt writes. By 2030, spending on wind and solar energy will be at least 650 billion euros and could total up to one trillion, according to an analysis carried out by management consultancy Kearney for the newspaper. German energy utilities RWE and EnBW are among those planning large investments in wind and solar parks. By the end of 2022 alone, RWE plans to invest a net five billion euros in renewable energies and EnBW plans to invest around four billion euros by 2025, the newspaper writes. "The funds for the EU Green Deal, but also the coronavirus aid, open up a great opportunity to build up a new, sustainable industry faster than would be the case in normal times," Markus Krebber, CFO of RWE, told Handelsblatt."
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