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RWE bullish on U.S. market regardless of election outcome

Published by Uma Rajagopal

Posted on August 14, 2024

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FRANKFURT (Reuters) – RWE remains bullish on the U.S. market, saying the outcome of upcoming presidential elections would not affect the market’s expansion of clean technologies.

“Regardless of the outcome, I am convinced that the expansion of renewables there will continue at a fast pace,” CEO Markus Krebber told reporters after presenting first-half results.

Krebber declined to comment on a recent report saying RWE was interested in buying a minority stake in U.S. utility Calpine.

(Reporting by Christoph Steitz, Vera Eckert and Tom Kaeckenhoff, editing by Thomas Seythal)