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August 26, 2021

RWE Renewables and Constellation to develop solar facility in Texas

A number of Constellation's commercial customers will use the power from Big Star for their Texas operations.

By Hasini Devarasetti

RWE Renewables has partnered with Constellation, a subsidiary of US-based energy firm Exelon, to develop two energy assets in Texas.

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The companies will develop the 200MW Big Star solar project, together with a battery storage system with 80MW/120MWh of capacity, in Bastrop County.

Constellation has signed an agreement to acquire power and project-specific renewable energy certificates (RECs) equal to 140MW of Big Star’s total capacity.

Clean energy generated by the solar project will be supplied to PepsiCo, McCormick and Company and Best Buy Co, as well as the KTVT and KTXA TV stations owned by ViacomCBS.

These beneficiaries will use the energy to power their Texas operations as part of a retail electric supply contract with Constellation.

RWE Renewables Wind Onshore and Photovoltaic CEO Silvia Ortín said: “As one of the world’s leading renewable energy companies, we are committed to contributing to the energy transition and helping power the US economy.

“Our Big Star solar facility is well-placed to provide Constellation and its major corporation partners with a supply of green energy for their operations.”

Constellation said that the ten-year agreements with its customers are due to begin next year.

The solar power purchased by the commercial customers is estimated to offset more than 257,000t of carbon dioxide emissions a year.

Constellation CEO Jim McHugh said: “This deal demonstrates the collective positive impact made possible by customers who share an authentic commitment to addressing climate change and reducing their respective carbon footprints.

“We take pride in providing a clean energy solution that helps leading companies such as these take proactive steps to meeting their environmental goals through renewable supply.”

The Big Star solar project is expected to begin commercial operations in the second quarter of next year.

Last month, RWE Renewables partnered with the Fraunhofer Institute for Solar Energy Systems and Brandenburg University of Technology Cottbus-Senftenberg to develop technologies for floating solar power plants.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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