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Released October 04, 2022 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Consolidated Edison Incorporated (NYSE:ED) (ConEd) (Baltimore, Maryland) recently agreed to sell its Con Edison Clean Energy businesses to RWE Renewables Americas LLC, a subsidiary of RWE AG (Essen, Germany), for $6.8 billion. The deal is a major win for the German utility, almost doubling its U.S. renewables portfolio to more than 7 gigawatts (GW). Industrial Info is tracking more than $3.3 billion worth of renewable-energy projects from ConEd across the U.S., and about $9.7 billion worth of active projects from RWE's U.S. businesses.
Although it is focused on generating power for New York City and parts of New Jersey, ConEd has renewable-energy assets in almost every major region of the continental U.S., including the West Coast, Mid-Atlantic and Rocky Mountains. One of ConEd's regional subsidiaries is developing the Westside Canal Energy Storage project in El Centro, California, a 131-megawatt (MW) battery energy-storage system (BESS). ConEd, design consultant Stantec Incorporated (NYSE:STN) (Edmonton, Alberta) and other companies involved hope this will be just the first phase of a larger project, eventually reaching 2,000 MW of capacity. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read more in a detailed project report.
Click on the image at right for a graph detailing ConEd's active projects across the U.S., by state.
On the other side of the country, ConEd is developing a pair of solar-generation projects in Virginia, each with a 20-MW capacity. Construction on the Watlington Solar Plant in South Boston, is expected to be completed toward the end of this year, while construction on the Pleasant Hill Solar Plant in Suffolk, is expected to wrap up in the first quarter of 2023. Subscribers can learn more from detailed reports on the Watlington and Pleasant Hill projects.
The RWE transaction "will allow Con Edison to sharply focus on our core utility businesses and the investments needed to lead New York's ambitious clean energy transition," said Timothy Cawley, the chief executive officer of ConEd, in a press release. "RWE, in turn, is well positioned to accelerate the growth of renewable energy across the United States." Last year, RWE announced it would pursue 50 billion euros (US$49 billion) of gross investments by 2030, with 15 billion (US$14.7 billion) earmarked for the U.S.
Click on the image at right for a graph detailing RWE's active projects across the U.S., by state.
After the deal closes, which is expected in the first half of 2023, solar will account for 40% of RWE's U.S. power-generation portfolio, up from just 3% now. This includes two projects from RWE subsidiaries in Texas: the Bright Arrow Solar Plant in Sulphur Springs and the Big Star Solar Plant in Rosanky, which are expected to generate 305 and 200 MW, respectively. Both projects are under construction. Subscribers can learn more from Industrial Info's detailed reports on the Bright Arrow and the Big Star projects.
Texas also is home to two of RWE's largest U.S. wind-energy projects: the Blackjack Creek Windfarm in Beeville, which is expected to generate 240 MW from 50 turbines, and the proposed Montgomery Ranch Windfarm in Crowell, which is expected to generate about 200 MW. The Blackjack Creek project has been under construction since March 2021 and is almost fully commissioned; the Montgomery Ranch project remains in its early design phase. Subscribers can read detailed reports on the Blackjack Creek and the Montgomery Ranch projects.
RWE also is developing the two-phase Baron Windfarm in Hornell, New York, which is expected to generate 121.6 MW from 24 turbines in its first phase and 75.6 MW from 18 turbines in its second phase. Both phases are expected to wrap up in the fourth quarter, following years of delays. The New York State Public Service Commission approved compliance filings for the project in August. Subscribers can learn more from detailed reports on Phase I and Phase II.
Subscribers to Industrial Info's GMI Project Database 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 on renewable-energy projects from ConEd, and click here for a full list of reports on renewable-energy projects in the U.S. from RWE and its subsidiaries.
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).
Although it is focused on generating power for New York City and parts of New Jersey, ConEd has renewable-energy assets in almost every major region of the continental U.S., including the West Coast, Mid-Atlantic and Rocky Mountains. One of ConEd's regional subsidiaries is developing the Westside Canal Energy Storage project in El Centro, California, a 131-megawatt (MW) battery energy-storage system (BESS). ConEd, design consultant Stantec Incorporated (NYSE:STN) (Edmonton, Alberta) and other companies involved hope this will be just the first phase of a larger project, eventually reaching 2,000 MW of capacity. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read more in a detailed project report.
Click on the image at right for a graph detailing ConEd's active projects across the U.S., by state.On the other side of the country, ConEd is developing a pair of solar-generation projects in Virginia, each with a 20-MW capacity. Construction on the Watlington Solar Plant in South Boston, is expected to be completed toward the end of this year, while construction on the Pleasant Hill Solar Plant in Suffolk, is expected to wrap up in the first quarter of 2023. Subscribers can learn more from detailed reports on the Watlington and Pleasant Hill projects.
The RWE transaction "will allow Con Edison to sharply focus on our core utility businesses and the investments needed to lead New York's ambitious clean energy transition," said Timothy Cawley, the chief executive officer of ConEd, in a press release. "RWE, in turn, is well positioned to accelerate the growth of renewable energy across the United States." Last year, RWE announced it would pursue 50 billion euros (US$49 billion) of gross investments by 2030, with 15 billion (US$14.7 billion) earmarked for the U.S.
Click on the image at right for a graph detailing RWE's active projects across the U.S., by state.After the deal closes, which is expected in the first half of 2023, solar will account for 40% of RWE's U.S. power-generation portfolio, up from just 3% now. This includes two projects from RWE subsidiaries in Texas: the Bright Arrow Solar Plant in Sulphur Springs and the Big Star Solar Plant in Rosanky, which are expected to generate 305 and 200 MW, respectively. Both projects are under construction. Subscribers can learn more from Industrial Info's detailed reports on the Bright Arrow and the Big Star projects.
Texas also is home to two of RWE's largest U.S. wind-energy projects: the Blackjack Creek Windfarm in Beeville, which is expected to generate 240 MW from 50 turbines, and the proposed Montgomery Ranch Windfarm in Crowell, which is expected to generate about 200 MW. The Blackjack Creek project has been under construction since March 2021 and is almost fully commissioned; the Montgomery Ranch project remains in its early design phase. Subscribers can read detailed reports on the Blackjack Creek and the Montgomery Ranch projects.
RWE also is developing the two-phase Baron Windfarm in Hornell, New York, which is expected to generate 121.6 MW from 24 turbines in its first phase and 75.6 MW from 18 turbines in its second phase. Both phases are expected to wrap up in the fourth quarter, following years of delays. The New York State Public Service Commission approved compliance filings for the project in August. Subscribers can learn more from detailed reports on Phase I and Phase II.
Subscribers to Industrial Info's GMI Project Database 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 on renewable-energy projects from ConEd, and click here for a full list of reports on renewable-energy projects in the U.S. from RWE and its subsidiaries.
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).
