Utility Scale

RWE acquires nearly 600 MW of new projects

RWE acquires nearly 600 MW of new projects
(Image by StockSnap from Pixabay)

RWE Clean Energy has added 599 MW of solar and energy storage projects acquired from Galehead Development, a greenfield development platform for wind, solar, and storage projects.

The move positions RWE to expand into new Pacific Northwest markets and grow its existing footprint in New York.

The recently completed acquisitions include two development-stage renewables projects located within PacifiCorp’s operating territory in the Pacific Northwest and a mid-stage development asset in northeastern New York: 

  • Cedar Ridge: A 300 MWac solar project paired with a 150 MW (600 MWh) energy storage asset located in Blaine County, Idaho. The collocated solar and energy storage project is meant to help meet growing demand and provide regional grid support consistent with PacifiCorp’s resource planning forecasts. 
  • Remington: A 199 MW, 4-hour (796 MWh) standalone BESS asset located in Marion County, Oregon. In addition to providing flexible power in response to regional demand fluctuations, the project will be designed to have a smaller overall footprint for minimal impact on existing land use. 
  • Champlain: A 100 MWac solar PV project located in Washington County, New York. The project will help meet growing demand in this section of the NYISO market and expand RWE’s footprint in the state.

“RWE is excited to close on our first acquisitions with Galehead, in particular the Remington and Cedar Ridge projects which allow us to expand our presence in the Pacific Northwest market where there is robust demand for low-cost, clean power,” said Hanson Wood, Head of Development, Utility-Scale Renewables for RWE Clean Energy. “Importantly, these projects will help provide future grid support, create good-paying jobs and fuel the local economies of Washington, Blain, and Marion counties. We look forward to working with the local communities to communicate the benefits of these projects throughout the development process.“

RWE currently has 36 gigawatts (GW) of onshore wind, solar, and battery energy storage systems (BESS) in its U.S. development pipeline. As RWE continues to expand its U.S. presence, it is leveraging its well-positioned clean energy business to grow its renewables portfolio from more than 9 GW net installed capacity today to more than 19 GW net by 2030.

Last March, RWE AG finalized its $6.8 billion acquisition of all shares in Con Edison Clean Energy Businesses, making the newly dubbed RWE Clean Energy one of the five largest renewable energy companies in the U.S. and the country’s second-largest solar owner and operator.

The acquisition included a portfolio of 8 GW of renewable energy projects and a development platform of more than 24 GW. Around 60% of the portfolio is onshore wind and 40% solar.

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