ENERGY STORAGE

RWE acquires 599MW of US solar and energy storage projects from Galehead Development

May 22, 2024

RWE Clean Energy has acquired 599MW of US solar and energy storage projects from Galehead Development.

The acquisitions include two development-stage renewables projects located within PacifiCorp’s operating territory in the Pacific Northwest and a mid-stage development asset in northeastern New York.

The projects are:

  • Cedar Ridge: a 300 MWac solar project paired with a 150 MW / 600 MWh energy storage asset located in Blaine County, Idaho
  • Remington: a 199 MW / 796 MWh four-hour stand-alone BESS asset located in Marion County, Oregon
  • Champlain: a 100 MWac solar PV project located in Washington County, NewYork.

Hanson Wood, head of development, utility-scale renewables for RWE Clean Energy, said: “RWE is excited to close on our first acquisitions with Galehead, in particular the Remington and Cedar Ridge projects which allow us to expand our presence in the Pacific Northwest market where there is robust demand for low-cost, clean power. Importantly, these projects will help provide future grid support, create good-paying jobs and fuel the local economies of Washington, Blain and Marion counties. We look forward to working with the local communities to communicate the benefits of these projects throughout the development process.“

John Clifford, chief revenue officer for Galehead Development, LLC, added: “This transaction is a great validation of the hard work by our team to understand the long-term signals of durable markets, navigate a complex greenfield siting environment and interconnection tariff, and collaborate with the world’s leading Energy Transition investors. We are thrilled to start and build on this partnership with RWE to advance this PacifiCorp project portfolio and future projects.”