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Released August 15, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Multinational energy company RWE AG (Essen, Germany) is upbeat about its prospects in the U.S., where it plans to grow its renewables portfolio from more than 9 gigawatts (GW) of net installed capacity today to more than 19 GW by 2030. Executives made their confidence in the U.S. clear in a recent presentation, but they remained coy about their rumored interest in buying a minority stake in natural gas-oriented utility Calpine Corporation (Houston, Texas). Industrial Info is tracking more than $27 billion worth of active and proposed projects from RWE across the U.S., more than half of which is attributed to wind-energy projects.
Click on the image at right for a graph detailing the top 10 U.S. states for active and proposed projects from RWE.
Calpine's owners are considering a sale, according to a Reuters article citing "people familiar with the matter." Energy Capital Partners, Access Industries and CPP Investments acquired Calpine for $17 billion in 2018; an acquisition of Calpine by another company would be the biggest in the U.S. power industry since 2007. RWE has long been rumored to be among those interested.
RWE is putting the final touches on a pair of major renewable-energy projects in two of the biggest states for renewable-energy growth: the $225 million Montgomery Ranch Windfarm in Crowell, Texas, which will generate 200 megawatts (MW) from 64 turbines provided by Acciona Energia (Alcobendas, Spain), and the $160 million Northern Orchard Solar Plant in Bakersfield, California, which will generate 150 MW from 380,000 photovoltaic (PV) panels provided by First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona). Both projects began construction in the first half of 2023.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more from detailed reports on the Montgomery Ranch and Northern Orchard projects.
Later this year, RWE expects to finish construction on its $160 million Ashwood Solar Plant in Eddyville, Kentucky, which will generate 86 MW from 226,747 First Solar panels. Ashwood represents RWE's first investment--and the largest solar project to date--in the Bluegrass State. The Kentucky Municipal Energy Agency (KYMEA) has agreed to purchase all energy produced by the project over a 20-year term, according to RWE. Subscribers can learn more from a detailed project report.
About 100 miles northwest, RWE recently kicked off onsite construction for its $350 million Casey Fork Solar Plant in Texico, Illinois, its first utility-scale solar project in the state. The 200-MW project is contracted to supply energy to three of Illinois' electric utility companies: Ameren Corporation (NYSE:AEE) (St. Louis, Missouri), Commonwealth Edison (ComEd) (Chicago, Illinois) and MidAmerican Energy Company (Des Moines, Iowa), the latter a subsidiary of Berkshire Hathaway Incorporated (NYSE:BRK.A) (Omaha, Nebraska). Subscribers can learn more from a detailed project report.
Following a presentation to investors concerning RWE's global results in the first half of 2024, Chief Executive Officer Markus Krebber said strong demand growth makes the U.S. power market attractive to the company, no matter what happens in the coming presidential election: "Regardless of the outcome, I am convinced that the expansion of renewables there will continue at a fast pace."
RWE's U.S. subsidiary also is working toward beginning construction on several solar-energy projects across the U.S. in 2025, pending the outcome of several permitting requests. The 150-MW Crowned Heron Battery Energy Storage System (BESS) in Richmond, Texas, would be built near a substation owned by NRG Energy Incorporated (NYSE:NRG) (Houston), while a pair of 150-MW solar arrays in Waverly, Virginia, and Delavan, Illinois, would generate energy for rural areas. Subscribers can read detailed reports on the Texas, Virginia and Illinois projects.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and planned projects across the U.S. from RWE.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing the top 10 U.S. states for active and proposed projects from RWE.Calpine's owners are considering a sale, according to a Reuters article citing "people familiar with the matter." Energy Capital Partners, Access Industries and CPP Investments acquired Calpine for $17 billion in 2018; an acquisition of Calpine by another company would be the biggest in the U.S. power industry since 2007. RWE has long been rumored to be among those interested.
RWE is putting the final touches on a pair of major renewable-energy projects in two of the biggest states for renewable-energy growth: the $225 million Montgomery Ranch Windfarm in Crowell, Texas, which will generate 200 megawatts (MW) from 64 turbines provided by Acciona Energia (Alcobendas, Spain), and the $160 million Northern Orchard Solar Plant in Bakersfield, California, which will generate 150 MW from 380,000 photovoltaic (PV) panels provided by First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona). Both projects began construction in the first half of 2023.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more from detailed reports on the Montgomery Ranch and Northern Orchard projects.
Later this year, RWE expects to finish construction on its $160 million Ashwood Solar Plant in Eddyville, Kentucky, which will generate 86 MW from 226,747 First Solar panels. Ashwood represents RWE's first investment--and the largest solar project to date--in the Bluegrass State. The Kentucky Municipal Energy Agency (KYMEA) has agreed to purchase all energy produced by the project over a 20-year term, according to RWE. Subscribers can learn more from a detailed project report.
About 100 miles northwest, RWE recently kicked off onsite construction for its $350 million Casey Fork Solar Plant in Texico, Illinois, its first utility-scale solar project in the state. The 200-MW project is contracted to supply energy to three of Illinois' electric utility companies: Ameren Corporation (NYSE:AEE) (St. Louis, Missouri), Commonwealth Edison (ComEd) (Chicago, Illinois) and MidAmerican Energy Company (Des Moines, Iowa), the latter a subsidiary of Berkshire Hathaway Incorporated (NYSE:BRK.A) (Omaha, Nebraska). Subscribers can learn more from a detailed project report.
Following a presentation to investors concerning RWE's global results in the first half of 2024, Chief Executive Officer Markus Krebber said strong demand growth makes the U.S. power market attractive to the company, no matter what happens in the coming presidential election: "Regardless of the outcome, I am convinced that the expansion of renewables there will continue at a fast pace."
RWE's U.S. subsidiary also is working toward beginning construction on several solar-energy projects across the U.S. in 2025, pending the outcome of several permitting requests. The 150-MW Crowned Heron Battery Energy Storage System (BESS) in Richmond, Texas, would be built near a substation owned by NRG Energy Incorporated (NYSE:NRG) (Houston), while a pair of 150-MW solar arrays in Waverly, Virginia, and Delavan, Illinois, would generate energy for rural areas. Subscribers can read detailed reports on the Texas, Virginia and Illinois projects.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and planned projects across the U.S. from RWE.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
