The Qatar Investment Authority (QIA) announced it will invest €432mn as a cornerstone investor in RWE's €4bn equity capital raise.
RWE is Germany's largest power generation company and one of the leading renewable and flexible energy companies globally. With this transaction, the QIA will increase its stake in RWE from 9.27% to 9.87%.
According to a QIA press release, RWE will use the proceeds from the equity capital raise to acquire a 35% indirect stake in Amprion, bringing RWE’s total stake in Amprion to 55%.
Amprion is the second largest electricity transmission company in Germany, operating an 11,000km long extra-high-voltage network that transports electricity from the North Sea to the Alps and serves approximately 29mn people across key industrial regions.
Amprion is executing a sizeable grid expansion plan aimed at facilitating Germany's electrification and integrating decentralized power generation.
