Reports related to this article:
Project(s): View 5 related projects in PECWeb
Plant(s): View 5 related plants in PECWeb
Released November 14, 2024 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Multinational energy company RWE AG (Essen, Germany) notched up progress on some of its biggest U.S.-based renewable-energy projects in the third quarter, although the company acknowledged the election of Donald Trump could present a challenge to offshore wind projects going forward. Industrial Info is tracking more than $29 billion worth of active and proposed projects from RWE across the U.S., about 80% of which is attributed to new site construction.
Click on the image at right for a graph detailing RWE's active and proposed projects across the U.S., by energy type.
Offshore wind projects accounted for 51% of RWE's roughly US$8.15 billion of global capital expenditures in the first three quarters of 2024, while onshore wind and solar projects accounted for 41%. RWE also is moving steadily forward in the U.S. offshore-wind market, where the lengthy regulatory and permitting process has proven daunting for several developers.
Over the summer, RWE started a site investigation survey for its proposed Canopy Offshore Windfarm off the coast of Northern California, near Humboldt County. The project, which would be RWE's first commercial-scale, floating offshore windfarm, is designed to generate about 1.6 gigawatts (GW) from more than 100 turbines. RWE says it currently is gathering data about the federal lease area and the area between the lease and shore in federal waters.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project and Plant databases can learn more about Canopy from a detailed project report and plant profile.
During the third quarter, Facebook parent Meta Platforms Incorporated (NASDAQ:META) (Menlo Park, California) signed a long-term power purchase agreement (PPA) with RWE to buy electricity generated from the $38 million Lafitte Solar Plant in Monroe, Louisiana, which is designed to produce 100 megawatts (MW) from photovoltaic (PV) solar panels provided by SMA Solar Technology (Niestetal, Germany). The project began construction in August and is set to wrap up in the third quarter of 2025. Subscribers can learn more from a detailed project report.
Last month, electric truck maker Rivian Automotive Incorporated (NASDAQ:RIVN) (Irvine, California) agreed to a 15-year supply contract with RWE to receive the power generated from Champion Wind, which is part of a windfarm complex in Roscoe, Texas. A 209-MW portion of this complex is being considered for a repowering, which would involve replacing turbine blades and nacelles, and possibly upgrading the full turbines. Subscribers can learn more from a detailed project report.
Texas alone accounts for more than $9 billion worth RWE projects, including another onshore windfarm in its earlier development phases: the Palo Verde Windfarm in Refugio, which is just north of Corpus Christi. RWE aims to generate 300 MW from 100 turbines, to be supported by a 150-MW battery energy-storage system (BESS). Subscribers can learn more from a detailed project report; for information on other RWE projects in the Lone Star State, see October 04, 2024, article - RWE Breaks Ground on Three Texas BESS Projects.
Globally, RWE's power generation from renewables increased 14% during the third quarter, with the PV solar business seeing 40% more output. The company attributed this growth to its March 2023 acquisition of U.S. energy firm Con Edison Clean Energy Businesses; among RWE's projects under construction is the $133 million Wythe County Solar Plant in Austinville, Virginia, which is designed to generate 75 MW from 185,000 thin-film panels provided by First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona). The project is set to wrap up in the first quarter of 2025. Subscribers can learn more from a detailed project report.
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 detailed reports for active and proposed U.S.-based projects worldwide 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 RWE's active and proposed projects across the U.S., by energy type.Offshore wind projects accounted for 51% of RWE's roughly US$8.15 billion of global capital expenditures in the first three quarters of 2024, while onshore wind and solar projects accounted for 41%. RWE also is moving steadily forward in the U.S. offshore-wind market, where the lengthy regulatory and permitting process has proven daunting for several developers.
Over the summer, RWE started a site investigation survey for its proposed Canopy Offshore Windfarm off the coast of Northern California, near Humboldt County. The project, which would be RWE's first commercial-scale, floating offshore windfarm, is designed to generate about 1.6 gigawatts (GW) from more than 100 turbines. RWE says it currently is gathering data about the federal lease area and the area between the lease and shore in federal waters.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project and Plant databases can learn more about Canopy from a detailed project report and plant profile.
During the third quarter, Facebook parent Meta Platforms Incorporated (NASDAQ:META) (Menlo Park, California) signed a long-term power purchase agreement (PPA) with RWE to buy electricity generated from the $38 million Lafitte Solar Plant in Monroe, Louisiana, which is designed to produce 100 megawatts (MW) from photovoltaic (PV) solar panels provided by SMA Solar Technology (Niestetal, Germany). The project began construction in August and is set to wrap up in the third quarter of 2025. Subscribers can learn more from a detailed project report.
Last month, electric truck maker Rivian Automotive Incorporated (NASDAQ:RIVN) (Irvine, California) agreed to a 15-year supply contract with RWE to receive the power generated from Champion Wind, which is part of a windfarm complex in Roscoe, Texas. A 209-MW portion of this complex is being considered for a repowering, which would involve replacing turbine blades and nacelles, and possibly upgrading the full turbines. Subscribers can learn more from a detailed project report.
Texas alone accounts for more than $9 billion worth RWE projects, including another onshore windfarm in its earlier development phases: the Palo Verde Windfarm in Refugio, which is just north of Corpus Christi. RWE aims to generate 300 MW from 100 turbines, to be supported by a 150-MW battery energy-storage system (BESS). Subscribers can learn more from a detailed project report; for information on other RWE projects in the Lone Star State, see October 04, 2024, article - RWE Breaks Ground on Three Texas BESS Projects.
Globally, RWE's power generation from renewables increased 14% during the third quarter, with the PV solar business seeing 40% more output. The company attributed this growth to its March 2023 acquisition of U.S. energy firm Con Edison Clean Energy Businesses; among RWE's projects under construction is the $133 million Wythe County Solar Plant in Austinville, Virginia, which is designed to generate 75 MW from 185,000 thin-film panels provided by First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona). The project is set to wrap up in the first quarter of 2025. Subscribers can learn more from a detailed project report.
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 detailed reports for active and proposed U.S.-based projects worldwide 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).
