RWE is increasing its stake in Germany-based transmission system operator Amprion GmbH. The deal is valued at €3.6 billion.
RWE will acquire shares in M31 Beteiligungs-gesellschaft mbH & Co Energie KG, the majority shareholder of Amprion. It will acquire an indirect 35% interest in Amprion, increasing the total indirect shareholding to 55%. RWE is already invested in Amprion with an equivalent of 20% via RWE Alkaios Holding GmbH, a joint venture between RWE AG and Apollo Global Management.
Amprion operates an 11,000-kilometre long extra-high-voltage grid that transports electricity for c. 29 million people across key industrial regions from the North Sea to the Alps. The company plans to invest around €42 billion in expanding its grid by 2030 on the path to climate neutrality. A massive expansion of the transmission grid will be necessary to ensure the success of the energy transition.
Following completion of the deal, Amprion will remain an independent transmission system operator in line with legal unbundling requirements. It will continue to operate under its existing brand and management team.
RWE said in a statement that its investment in expanding the transmission grid. About €2.5 billion by 2031 had already been allocated for investment requirements relating to the existing RWE-Apollo share in Amprion and a further c. €4 billion has been earmarked for the same period to fund additional investment needs arising from the increase of the stake in Amprion, according to the company.
The deal is is expected to close in the third quarter of 2026, subject to conditions, including required regulatory clearances.
Photo Credit: Amprion