RWE and Apollo Partner to Fund Amprion's Grid Expansion

Joint Venture Formation

RWE and Apollo Global Management have established a joint venture to manage RWE's 25.1% stake in Amprion, a key German Transmission System Operator. This partnership aims to secure funding for Amprion's future growth and grid expansion.

Investment Details

Apollo will provide €3.2 billion in equity, which will be invested in Amprion over time. RWE will receive these funds upfront and reinvest them through the joint venture to support Amprion's grid expansion program.

Operational Control

RWE will maintain operational control of the joint venture, continuing to manage the Amprion stake. Dividends from Amprion will be shared between RWE and Apollo, with Apollo acting as a long-term partner leveraging its infrastructure investment expertise.

Timeline and Approvals

The transaction is expected to close in the fourth quarter of 2025, pending regulatory approvals and customary closing conditions. The joint venture will focus on strategically deploying equity to align with Amprion's grid expansion roadmap.