RWE and Peabody are partnering on developing renewable energy projects by repurposing reclaimed land previously used for mining.
RWE is acquiring a majority interest in the R3 Renewables ownership group alongside founding partner Peabody. R3, a joint venture launched by Peabody, Summit Partners Credit Advisors and Riverstone Credit Partners, repurposes land previously used for coal mining to deliver renewable energy. RWE is acquiring SPCA and Riverstone’s equity interest in R3 and Peabody will retain a 25% equity interest.
The founding partners of R3 initiated the development of a 5.5 GW pipeline of 10 potential projects on reclaimed mining sites in Indiana and Illinois. RWE will acquire seven of the projects and enter into a joint venture with Peabody to continue development of the three remaining projects.
“This partnership is an exciting opportunity for RWE to invest in rural regions of Indiana and Illinois and bring strong economic development,” says Andrew Flanagan, CEO, RWE Clean Energy.
“RWE is thrilled to partner with Peabody through R3 Renewables to develop solar projects using reclaimed land on a significant scale. Solar and storage facilities are a great way to bring economic development via construction jobs, local and domestic investment, and direct community benefits and taxes as well as a contribution to energy security. RWE is excited to expand this partnership across the U.S. and globally to ensure local communities can benefit from the economic generation of the energy transition.”
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RWE, Peabody Partner to Develop Renewable Projects on Repurposed Mine Lands
Consider the meme here, and then remember that the nine of the ten poorest states in the U.S. (Mississippi, Louisiana, West Virgina, Kentucky, Arkansas, Alabama, Oklahoma, Tennessee, and South Carolina) are all bright red.
How do they get away with stupidity like this?
Well, there’s the bottom of the state rankings for education:
- 46. Mississippi
- 47. Kentucky
- 48. Louisiana
- 49. Arkansas
- 50. West Virginia
Do you see any correlation?
Republican Operatives Are Tenacious as Messaging–And Truth Has No Bearing on It
Good question here at left.
To me, it depends.
If the person seems intelligent enough to be able to hold a thought in his head that opposes his current beliefs, I’d actively encourage the discussion. Otherwise, I’m out. No need to raising someone’s temper for no reason or gain.
To the jackass who sent me the meme here: What about the 5 million Americans who moved to Canada? What about the steady flow of Americans expatriating to Costa Rica, New Zealand, Australia, Iceland and Northern Europe?
My wife and I have two kids and a grandchild in the States, and we have a gaggle of medicos to address the various health conditions associated with aging. If that weren’t the case, I’d be writing this from Stockholm or Aukland.
I wouldn’t be looking for a “utopia,” just an escape from the frustration, anger, and sadness that I feel every day, as I watch the country I love deteriorate into authoritarianism.
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