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RWE Announced It Signed 15-Year Long-Term Power Purchase Agreement With Rivian For The Electricity From An Upgraded RWE Wind Project In West Texas; Financial Terms Not Disclosed

Benzinga ·  Oct 31 21:30

RWE, the third largest renewable energy company in the U.S., today announced it signed a long-term power purchase agreement (PPA) with electric vehicle manufacturer Rivian for the electricity from an upgraded RWE wind project in West Texas. The PPA underlines RWE's ability to support the demand for clean electricity from manufacturing, technology and other energy-intensive sectors.

Under the 15-year PPA, electricity from RWE's Champion Wind, a 127 megawatt (MW) wind farm in Nolan and Mitchell Counties will help supply Rivian's fast-charging network, the Rivian Adventure Network, with 100% renewable energy. The project contributes to Rivian's vision for a carbon-free future and commitment to enable 7 billion miles of renewable driving. The Champion Wind farm is currently undergoing upgrades to install new, state-of-the-art turbine nacelles and blades that will extend the lifetime of the facility. The repowering of Champion Wind will be completed in mid-2025.

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