March 2, 2023: RWE stated immediately that it has acquired JBM Photo voltaic, one of many UK’s largest impartial photo voltaic and co-located battery builders.
The acquisition from UK-based renewables investor Susgen, for an undisclosed sum, provides RWE an influence pipeline with a mixed capability of about 6.1GW, made up of three.8GW of photo voltaic and a pair of.3GW of battery storage challenge.
A lot of the initiatives are within the central and southern areas of England and a big half have grid connections and secured land.
RWE stated a number of initiatives within the newly acquired portfolio are prepared for a last funding choice and have obtained the mandatory planning approvals.
Which means the primary of the photo voltaic and battery storage initiatives will likely be operational by the tip of 2024, RWE stated.
The corporate is more likely to fee a mean of 450MW yearly.
RWE has 10 offshore and 33 onshore wind farms working across the UK with a mixed capability of greater than 2.6GW.
Katja Wünschel, CEO of onshore wind and photo voltaic Europe and Australia for RWE Renewables stated: “The mixed growth pipeline, one of many largest within the UK, gives many alternatives for sustainable and worth accretive development. The primary initiatives may ship electrical energy early subsequent yr.
Based on RWE, the UK is anticipated to see important development in photo voltaic and batteries, with the federal government concentrating on a five-fold enhance in photo voltaic capability over the following 13 years – from 14GW immediately to 70GW in 2035.