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Goldman Sachs

June 8, 2026

GS Utilities Daily

Daily UpdateEquitiesUtilities

This report covers strategic updates for RWE and Acciona Energia, alongside broader trends in US renewable energy deceleration and the growth outlook for European utilities driven by datacenter-led power demand.

Key Takeaways

  • 1.RWE may increase stake in TSO Amprion to 40%, potentially creating value and lengthening earnings growth duration.
  • 2.Acciona Energia divesting assets: sold 64 MW Spanish hydro for €66 mn and reportedly considering sale of 400 MW Canadian wind portfolio.
  • 3.US renewable energy additions (wind, solar, storage) dropped 17% in Q1 2026 to 6.4 GW, the lowest since 2023.

Table of Contents

  • Research you can't miss from past two weeks
  • RWE: Heading towards vertical integration? The Amprion opportunity
  • Acciona Energia sells 64 MW Spanish hydro portfolio
  • Renewable additions slow down in US in Q1
  • Acciona Energia reportedly looking into selling c.400 MW wind asset portfolio in Canada
  • Other news
  • Events to watch this week
  • Research you need to read
  • Disclosure Appendix
  • GS Factor Profile
  • M&A Rank
  • Quantum
  • Disclosures
  • Regulatory disclosures

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Authors

Alberto GandolfiAjay PatelMafalda PombeiroDhwani KhenwarLawrence Lavizani

Securities

RWEANEBluefield Solar Income Fund

Themes

Energy TransitionDatacenter ExpansionUtility Consolidation/M&A

Regions

EuropeUnited StatesSpainCanada