RWE signs two 15-year energy purchase agreements with the company

Austin, Texas, May 23, 2024 (GLOBE NEWSWIRE) — RWE, one of the leading renewable energy companies in the U.S. and around the world, has signed two 15-year power purchase agreements (PPAs) with Microsoft Corporation. Under the PPAs, Microsoft will purchase clean electricity from two new RWE onshore wind farms in Texas.

The official groundbreaking ceremony for the RWE Peyton Creek II onshore wind farm has just taken place, and RWE has made an investment decision for the Lane City project. The combined capacity of both onshore wind projects is 446 megawatts (MW).

Andrew Flanagan, CEO of RWE Clean Energy: “As RWE, we are excited to work with Microsoft to provide the clean electricity they need to achieve their sustainability goals. Together, we are united in our efforts to secure a clean energy future. As a growing green company, we are committed to achieving our renewable energy goals by supporting local communities to grow sustainably.”

To build the Peyton Creek II and Lane City onshore wind farms, RWE brought together leading renewable energy companies: Vestas, Wanzek Construction, Inc., MasTec Renewables and RES, a global renewable energy solutions company.

RWE will use 4.5 MW V163 turbines from Vestas North America. RWE has retained Wanzek and RES to manage construction activities at Peyton Creek II and Lane City on RWE’s behalf.

Construction of the Peyton Creek Wind Complex is underway. The 243 MW project is located near RWE’s Peyton Creek I wind farm in Bay City, Texas, which has been operational since March 2020. Construction on the Lane City project will begin this summer. It has a capacity of 203 MW.

The projects underscore RWE’s leadership as a preeminent clean energy player and will expand its footprint in Texas. Texas is the largest RWE market in the U.S., with 33 renewable energy projects with a total installed capacity of 4.3 GW, enough to power 2.76 million homes annually. Upon completion of both projects, RWE’s renewable energy footprint in Texas will increase to 4.8 GW, strengthening its position in this part of the ERCOT market. This will increase RWE’s current U.S. renewables portfolio of 9.3 GW across wind, solar and batteries.

RWE is committed to working with the communities where it owns and operates renewable energy facilities to provide long-term economic benefits, employment opportunities and tax revenues to support local schools and law enforcement. fire districts and other essential services. Both Peyton Creek II and Lane City are expected to create 250 to 300 jobs during construction and 20 full-time positions once operational. Additionally, Peyton Creek II will contribute approximately $300 million to the local tax base in Matagorda County, and Lane City will contribute $300 million to the local tax base in Wharton County.

For more information, visit Americas.rwe.com.

• RWE signs two power purchase agreements with Microsoft