March 2, 2023: RWE stated at this time that it has acquired JBM Photo voltaic, one of many UK’s largest unbiased 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 round 6.1GW, comprising 3.8GW of photo voltaic and a pair of.3GW of battery storage tasks.
A lot of the tasks are within the central and southern areas of England and a big half have grid connections and secured land.
RWE stated a number of tasks within the newly acquired portfolio are prepared for a last funding resolution and have obtained the required planning approvals.
Which means that the primary of the photo voltaic and battery storage tasks might be operational as early as the top of 2024, RWE stated.
The corporate is prone to fee a median 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 improvement pipeline, one of many largest within the UK, gives many alternatives for sustainable and worth accretive development. The primary tasks may ship electrical energy early subsequent yr.
In line with RWE, the UK is predicted to see vital 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 at this time to 70GW in 2035.