Published by Global Banking & Finance Review®
Posted on November 26, 2025
1 min readLast updated: January 20, 2026
Add as preferred source on GoogleRWE and Apollo Global Management finalize a joint venture to fund German power grid upgrades, with Apollo investing 3.2 billion euros.
(Reuters) -German power utility RWE and U.S. investor Apollo Global Management said on Wednesday that they successfully closed their partnership transaction for a joint venture to fund power grid upgrades in Germany.
The new JV will help fund the expansion of the electricity transmission grid, with Apollo providing 3.2 billion euros ($3.7 billion) in financing.
The JV holds RWE's 25.1% stake in Amprion, one of four power grid operators in the country.
"RWE retains operational control of the JV and continues to manage the Amprion stake while consolidating the joint venture in its financial statements," RWE said in a statement.
Germany's electricity grid needs large investments to keep up with the growth of renewable energy and to help with the transition away from fossil fuels.
($1 = 0.8639 euros)
(Reporting by Simon Ferdinand Eibach, editing by Thomas Seythal)
A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific project or business activity, sharing both the risks and profits.
A power grid is a network of transmission lines, substations, transformers, and more that deliver electricity from power plants to consumers, ensuring a stable supply of energy.
Renewable energy refers to energy derived from natural sources that are replenished at a faster rate than they are consumed, such as solar, wind, and hydroelectric power.
Operational control refers to the authority and responsibility for managing the day-to-day operations of a business or project, ensuring it runs efficiently and meets its objectives.
Financing is the process of providing funds for business activities, making purchases, or investing, typically through loans, credit, or investment from various sources.
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