RWE Clean Energy has formed a strategic partnership with renewables developer WhiteRock Renewables (WhiteRock) to scale-up the expansion of RWE’s onshore wind, solar, and energy storage development pipeline in the US. The company is aiming for record growth in the US.
This partnership with WhiteRock will help RWE progress on its expansion goals in the US. WhiteRock expects to create and develop 4 to 5 GW of onshore wind, solar, and battery energy storage system (BESS) projects. RWE will have the option to purchase these projects upon their maturity and readiness for a definitive investment decision.
RWE currently has 36 GW of onshore wind, solar and BESS projects in its US development pipeline. By tapping into WhiteRock’s established development capability, experienced staff and industry networks, RWE will further supplement its project development pipeline to achieve its ambitious US growth targets.
REGlobal’s Views: With the passage of the Inflation Reduction Act, the United States has become a key market for renewable energy investments globally, with large developers planning on expanding their US portfolios through organic and inorganic routes. RWE, a major energy company, has 9 GW of renewables portfolio currently and aims to take it up to 19 GW by 2030, and the US is expected to make up 30% of the company’s global renewables capacity by 2030.
