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RWE US Offshore Wind Farm Projects

Sector: Raw Materials • Location: United States

Source: Börsen-Zeitung

Project
Planned

RWE has put its offshore wind farm projects in the USA on hold due to changed framework conditions. The projects are at an early stage with secured sites and minimal development work to maintain rights. The leases run until 2060. Despite current political challenges, RWE believes offshore wind will be needed in the US to meet electricity demand. The projects are valued at 1.1 billion euros on RWE'

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The project “RWE US Offshore Wind Farm Projects” is an infrastructure initiative in the Raw Materials sector, located in United States. Taiyo aggregates data on it from Börsen-Zeitung.

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Participants

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Status

Original status

planned

Taiyo status

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Email

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Description

Description

RWE has put its offshore wind farm projects in the USA on hold due to changed framework conditions. The projects are at an early stage with secured sites and minimal development work to maintain rights. The leases run until 2060. Despite current political challenges, RWE believes offshore wind will be needed in the US to meet electricity demand. The projects are valued at 1.1 billion euros on RWE's books, with no time limits for construction start, and no expected depreciation.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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