RWE Clean Energy Expands U.S. Renewable Portfolio with Acquisition of Solar and Storage Projects

RWE Clean Energy, a prominent player in the renewable energy sector, has strengthened its renewables development pipeline in the United States by acquiring 599 megawatts (MW) of solar and energy storage projects from Galehead Development, LLC (Galehead), an experienced greenfield development platform.

The acquisitions include two development-stage renewables projects located in PacifiCorp’s operating territory in the Pacific Northwest, as well as 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 situated in Blaine County, Idaho. This collocated solar and energy storage project is poised to meet growing demand and provide regional grid support consistent with PacifiCorp’s resource planning forecasts.
• Remington: A 199 MW, 4-hour (796 MWh) standalone battery energy storage system (BESS) located in Marion County, Oregon. This project aims to provide flexible clean power in response to regional demand fluctuations while minimizing its impact on existing land use.
• Champlain: A 100 MWac solar PV project located in Washington County, New York. Positioned to meet increasing demand in the NYISO market, this project expands RWE’s footprint in the state and underscores the company’s commitment to clean energy in New York.

Hanson Wood, Head of Development, Utility-Scale Renewables for RWE Clean Energy, expressed excitement about the acquisitions, particularly the Remington and Cedar Ridge projects. Wood highlighted the expansion into the Pacific Northwest market, emphasizing the projects’ potential to provide clean power, create jobs, and stimulate local economies.

John Clifford, Chief Revenue Officer for Galehead Development, LLC, commented on the transaction’s significance, acknowledging the collaboration with RWE and the project’s contribution to advancing renewable energy initiatives.

RWE currently boasts a development pipeline of 36 gigawatts (GW) of onshore wind, solar, and battery energy storage systems (BESS) in the U.S. This expansion aligns with RWE’s strategic goal to grow its renewables portfolio from over 9 GW net installed capacity today to more than 19 GW net by 2030.

With the U.S. serving as a pivotal component of RWE’s Growing Green strategy, the company aims to significantly increase its global green technology capacity to more than 65 GW by 2030, with the U.S. accounting for 30% of its global green portfolio by the end of the decade.