Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTRWE initiates construction of 122-MW wind park in New York
RWE's first onshore wind farm in France. Image by RWE AG.
November 9 (Renewables Now) - The renewables unit of German energy group RWE AG (ETR:RWE) has commenced construction work on the 121.8-MW first phase of the Baron Winds onshore wind project in New York State.
The wind park is being built on a site in Steuben County where 24 Vestas and eight Siemens Gamesa turbines will be installed. The plant should be completed late next year when it will have the annual power generating capacity to supply over 50,000 homes.
Baron Winds is estimated to have a total economic benefit of USD 90 million (EUR 77.7m) for Steuben County over its useful life. In 2018, the project emerged as one of 26 winners in a solicitation by New York State Energy Research and Development Authority (NYSERDA) for the purchase of New York Tier-1 Eligible Renewable Energy Certificates (RECs).
“As a leader in renewable investment in the State of NY, this project represents the beginning of an expected USD 2 billion in investments into renewable energy in our community over the next two years," said James Johnson, executive director at the Steuben County Industrial Development Agency.
(USD 1.0 = EUR 0.863)
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