RWE's U.S. Solar, Wind Projects Mark Progress, Find Buyers

November 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Multinational energy company RWE AG (Essen, Germany) notched up progress on some of its biggest U.S.-based renewable-energy projects in the third quarter, although the company acknowledged the election of Donald Trump could present a challenge to offshore wind projects going forward.

Industrial Info is tracking more than $29 billion worth of active and proposed projects from RWE across the U.S., about 80% of which is attributed to new site construction. Offshore wind projects accounted for 51% of RWE's roughly US$8.15 billion of global capital expenditures in the first three quarters of 2024, while onshore wind and solar projects accounted for 41%. RWE also is moving steadily forward in the U.S. offshore-wind market, where the lengthy regulatory and permitting process has proven daunting for several developers.

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