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Saturday, 2 November 2024

(REN) RIVIAN SIGNS 15 YEAR PPA WITH RWE

Electric vehicle manufacturer and solar financier Rivian has signed a 15-year Power Purchase Agreement (PPA) for the electricity from a soon-to-be upgraded RWE wind farm in West Texas.

RWE’s 127-megawatt (MW) Champion Wind in Nolan and Mitchell Counties, TX will help power Rivian’s fast-charging network, the Rivian Adventure Network, with clean energy. Champion Wind is currently being upgraded with new, state-of-the-art, made-in-the-USA turbine nacelles and blades that will extend the facility’s lifetime. Its repowering will be completed in mid-2025, according to RWE.

Rivian claims to power its charging networks with 100% renewable energy, but the truth is a bit murkier than that. The company matches or exceeds each kilowatt-hour its chargers deliver by purchasing (and sometimes developing) renewable energy generated elsewhere. Rivian considers a given area’s current energy composition- namely how much of the fuel mix comes from fossil fuels- and then “fills in the gap” to reach 100% renewables by adding those resources to communities where their chargers operate or in places where the grid heavily relies on fossil fuels.

When Champion Wind resumes operations, it will generate enough electricity to power nearly 1 billion miles of renewable driving every year, the equivalent of 36,000 homes annually in Texas. More of this article (Rebewable Energy World) - link - more like this (Rivian) - link - more like this (wind) - link

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