Peabody Adds Solar, Battery Projects to its Coal-Based Slate
SUGAR LAND--March 3, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Peabody Energy (NYSE:BTU) (St. Louis, Missouri) isn't letting its status as the world's largest private-sector coal company hinder its growth. The company announced this week it would join Riverstone Holdings LLC (New York, New York) and Summit Partners (Boston, Massachusetts) in forming R3 Renewables LLC, a joint venture that would develop 3.3 gigawatts (GW) of solar and 1.6 GW of battery-storage capacity over the next five years.
Industrial Info is tracking $1.1 billion worth of active projects from Peabody and nearly $7 billion worth of renewable-energy projects from Riverstone and its subsidiaries.
Within this article: Details on related projects from Peabody and Riverstone, including Peabody's energy projects in Illinois and Indiana, and Riverstone's ongoing renewable projects.
