CEO Markus Krebber aims to mirror the business models of European peers like Engie and Iberdrola, which leverage regulated grid assets to gain investment flexibility. By increasing its stake from 20% to 55%, RWE expects to insulate itself from the boom-and-bust cycles that define independent power generation. Krebber noted that while generation currently thrives on AI and data center demand, the grid provides essential long-term stability that generation alone cannot guarantee.

The acquisition, slated to close in the third quarter of 2026, is projected to contribute €930 million to the company’s adjusted core profit starting in 2031. To finance the purchase, RWE issued new shares representing 10% of its capital at €54 per share—a 2.9% discount to Monday's closing price. Major institutional backers, including Qatar and Norges Bank, have already committed to purchasing €1 billion of the offering, signaling confidence in the company's pivot toward infrastructure-heavy returns.