RWE Adds 47.2 MW of Italian Wind Capacity as Staff Share Buying Passes 275,000

RWE's project pipeline delivered a fresh operational milestone at the start of November, with the onshore Serra Palino wind farm in Apulia now feeding power into the grid. The company's renewables arm for Europe and Australia confirmed the facility entered service on 2 November, drawing on eight turbines for a combined 47.2 MW of capacity.

The Italian installation sits alongside a broader run of corporate announcements. A battery storage system developed with Borussia Dortmund has also gone live at the SIGNAL IDUNA PARK, according to the two partners — a completed project rather than a planned one, in contrast to the new-build power station work still ahead.

Grid Awards Put Gas Plans in the Spotlight

RWE received awards from the Bundesnetzagentur a little over a week ago for hydrogen-capable power plant projects at Voerde, Weisweiler and Werne. Together the three sites account for roughly 2,100 MW, and construction is set to begin on the first of them within a few weeks.

Analysts have latched onto those awards as the central plank of the investment case. UBS reaffirmed its buy rating on Wednesday with a price target of 68 euros, with analyst Wanda Serwinowska pointing to the gas plant awards. Jefferies had already restated its own buy recommendation on 3 November, keeping a 75 euro target as analyst Ahmed Farman flagged the three-project award. Neither brokerage moved to upgrade the stock on the back of the news — both simply held their existing positive stance.

Shareholders gave the stock a modest lift into the weekend, with the shares closing Friday's session up 0.9% ahead of the scheduled interim report.

Employee Share Scheme and UK Buyback

On the capital side, RWE disclosed the purchase of 55,000 shares for its German employee share programme during the past week. That brings total acquisitions under the scheme since its launch to 275,000 shares, the company said in a capital markets notice. The update was the fifth interim disclosure on the programme and covers purchases made from Monday through Friday of last week; the 55,000 shares were acquired between 26 and 30 October.

Separately, RWE reported share purchases on Thursday under buyback programmes for its British group companies. November's activity totalled 1,475 RWE shares at an average price of GBP 48.753421 each, for an aggregate consideration of GBP 71,911.296.

11 November Looms Large

The next scheduled reporting date is 11 November 2026, when RWE will publish its interim statement for the first three quarters of 2026. An investor and analyst conference is slated for the same day.