RWE to divest parts of solar EPC supplier Belectric

Nov 16, 2021 10:15 AM ET
  • German power major RWE has actually entered into a transaction related to the divestment of parts of solar EPC provider Belectric.
RWE to divest parts of solar EPC supplier Belectric
Image: Belectric

The bargain goes through regulative clearances, RWE claimed in an e-mail sent out to PV Tech, including that it is not able to supply additional details due to privacy factors.

Germany-headquartered Belectric was established in 2001 and also needs to date built more than 460 solar PV power plants with a combined capability of 3,850 MWp, according to the business's website.

Having actually introduced a passion in 2014 of operating as well as keeping 3GW of solar plants around the world, Belectric took place to market its US O&M service in January.

For RWE, which finished the acquisition of Belectric Solar & Battery in early 2017, the divestment bargain comes as the firm today (15 November) exposed strategies to increase its solar ability from less than 1GW to 8GW by 2030.

As part of its Growing Green strategy, RWE has supplied details of how the firm will look by the end of the decade as it prepares to spend an average of EUR5 billion (US$ 5.72 billion) gross yearly for offshore and onshore wind, solar, batteries, adaptable generation as well as hydrogen by 2030.

The business will certainly invest EUR50 billion by 2030 to aid it increase its green generation capacity to 50GW throughout Europe, The United States And Canada and also Asia-Pacific.

"We are totally dedicated to driving forward the climate-neutral improvement of market and society," claimed Markus Krebber, Chief Executive Officer at RWE.

Currently involved in battery storage projects with an installed capability of greater than 600MW, RWE stated this number will certainly grow to 3GW by 2030, whereby time it likewise aims to construct 2GW of electrolyser capacity.

Along with the renewables ramp up, RWE is additionally planning more gas plants. With a mounted capability of 14GW, the firm currently operates the second-largest gas-fired power station fleet in Europe. It stated additional plants with a generation capability of at least 2GW, which will certainly have a clear decarbonisation roadmap, are planned.

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