RWE expands US solar, storage portfolio with 599 MW
- RWE Clean Energy's latest acquisition in the US includes solar and energy storage projects, expanding its presence and strengthening its position in key markets.
RWE AG's clean energy arm has acquired 599 MW of solar and energy storage projects in the US, expanding its presence in the country. The projects were purchased from Galehead Development LLC, with details of the financial transaction undisclosed. The portfolio includes development-stage projects in the Pacific Northwest and northeastern New York, with plans for a 300-MW solar park in Idaho coupled with battery storage, a 100 MW solar project in New York, and a standalone battery energy storage system in Oregon.
The acquisition will allow RWE Clean Energy to enter the Pacific Northwest markets and strengthen its position in New York, where it aims to meet growing power demand. With a current pipeline of 36 GW of wind, solar, and battery storage projects in the US, RWE plans to increase its installed renewables capacity from 9 GW to over 19 GW by 2030.
What are RWE AG's plans for expanding their solar presence in the US?
- RWE AG's plans for expanding their solar presence in the US include acquiring 599 MW of solar and energy storage projects from Galehead Development LLC.
- The portfolio includes development-stage projects in the Pacific Northwest and northeastern New York, with plans for a 300-MW solar park in Idaho coupled with battery storage, a 100 MW solar project in New York, and a standalone battery energy storage system in Oregon.
- The acquisition will allow RWE Clean Energy to enter the Pacific Northwest markets and strengthen its position in New York to meet growing power demand.
- RWE currently has a pipeline of 36 GW of wind, solar, and battery storage projects in the US, with plans to increase its installed renewables capacity from 9 GW to over 19 GW by 2030.
