RWE Signs Two PPAs with Microsoft for 2 New Texas Onshore Wind Projects Totaling 446 MW
RWE has signed two 15-year power purchase agreements (PPAs) with Microsoft to allow the company to purchase clean electricity from two new RWE onshore wind farms currently under development in Texas.
"We are excited to be working with Microsoft to provide the clean electricity they need to achieve their sustainability goals. Together, we’re united in our efforts to deliver a clean energy future," said Andrew Flanagan, CEO of RWE.
The wind farms include the RWE Peyton Creek II Project and the Lane City Project, which will have a combined capacity of 446 MW. Construction of the 243 MW Peyton Creek II project has recently commenced and will be located near RWE's Peyton Creek I Project located in Bay City, Texas. The Land City Project is expected to begin construction in Summer 2024 and will have a capacity of 203 MW.
The projects will serve to advance RWE's footprint in Texas, where the company has 33 operational renewable energy projects that total 4.3 GW of installed capacity - enough to power 2.76 million homes per year.
Once the two projects are completed, RWE's Texas footprint will reach 4.8 GW, and its entire renewables portfolio across the US will reach 9.3 GW across wind, solar, and batteries.
Both Peyton Creek II and Lane City are expected to create up to 300 construction jobs and 20 full-time jobs once operations. Additionally, the projects will provide a combined total of $600 million in taxes to their respective counties.