Krebber added that the US stood out for its increasing electricity demand, creating a favourable market environment. He noted that renewables and battery storage, with their short development timelines, are well-positioned to help meet this surge in demand.
“Nevertheless, we remain cautious given the political developments. We have introduced higher requirements for future investments in the US,” said Krebber .
Last year, the joint venture between RWE and National Grid Ventures entered the Community Offshore Wind project in New York’s fifth solicitation for offshore wind energy and submitted finalised proposals in October 2024.
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In the previous solicitation, which was cancelled by New York State after GE Vernova dropped plans for its 18 MW wind turbine, RWE and National Grid participated with the first, 1,314 MW phase of the development at the Community Offshore Wind lease area.
In October 2024, the joint venture submitted a Community Offshore Wind proposal that encompasses two phases with a total capacity of 2.8 GW, with plans to produce first power in 2030 and be fully operational two years later.
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