RWE signs 30-year PPA with Georgia Power Company

Facebook
Twitter
LinkedIn
Reddit
Email
Source: RWE

RWE Renewables has brokered a 30-year power purchase agreement (PPA) with utility Georgia Power Company concerning a 195.5MW solar facility in the US state, includng a 40MW energy storage system.

The deal stipulates that power will be supplied from RWE Renewables' Broken Spoke Solar facility starting in late 2021. Once constructed, the plant will cover a 1,575-acre area in Mitchell County in southwest Georgia and include more than 650,000 solar panels.

RWE Renewables’ head of asset commercialisation in North America Christoph Hunfeld said that the two-hour storage system would ensure firm delivery of energy.

The company, a subsidiary of German power firm RWE, claims to have 3.3GW of installed capacity in the US and a pipeline of more than 10GW.

The Broken Spoke Solar plant is RWE Renewables' first foray in Georgia and the company's largest solar project in the US.

Georgia Power is an investor-owned public utility that serves more than 2.6 million customers. It is the largest subsidiary of US gas and electricity holding Southern Company.

News of the deal will complement broader efforts the German energy giant has made to distance itself from its fossil fuel roots and reinvent itself as a renewables major.

RWE took control of E.On’s green assets in a complex asset swap, approved by the European Commission in late September.

The asset swap, which has been in the pipeline for more than a year, will see RWE acquire the renewable energy development business of both E.On and its former group company Innogy.

The Essen-based firm also announced an investment of €1.5 billion (US$1.6 bllion) per year to expand its presence in renewables and revealed plans to become carbon neutral in the next 20 years.

RWE is Europe’s biggest producer of carbon dioxide emissions.

4 October 2022
Solar & Storage Finance USA, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2022.

Read Next

August 16, 2022
US residential solar installer Sunnova plans to offer a US$425 million private placement of convertible senior notes due in 2028, to pay off debts and fund operating costs.
August 16, 2022
US solar product manufacturer Shoals Technologies Group saw record revenue and gross profit in the second quarter of 2022 due to strong demand for its combine-as-you-go system and a large number of new customers buying up components.
August 15, 2022
German energy company RWE’s onshore renewables business has undergone a dramatic change in fortunes on 2021, with 1H 2022 seeing the unit return to profitability following a poor H1 2021 performance, while during the first half of the year the company invested €2 billion (US$2.04 billion) in the expansion of its green portfolio.
PV Tech Premium
August 15, 2022
PV Tech Premium speaks with US developers who are railing against the country's long interconnection queues, which they say are dampening deployment and pushing up the cost of solar PV
August 15, 2022
The US House of Representatives on Friday passed the Inflation Reduction Act (IRA). The largest climate package in US history will now move to the desk of President Joe Biden, where it is expected to be signed into law as early as today.
August 12, 2022
ACWA Power posted strong H1 2022 results as it continues to divert its portfolio to renewables and low-carbon technologies.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
London
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event