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
Portfolio Pulse from Benzinga Newsdesk
RWE has signed a 15-year power purchase agreement with Rivian for electricity from its upgraded wind project in West Texas. This agreement supports Rivian's commitment to renewable energy for its fast-charging network.
October 31, 2024 | 1:30 pm
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Rivian has entered a 15-year PPA with RWE for renewable energy, supporting its fast-charging network with 100% renewable energy.
The PPA with RWE ensures Rivian's fast-charging network is powered by 100% renewable energy, aligning with its sustainability goals. This could enhance Rivian's brand image and appeal to environmentally conscious consumers, potentially boosting its stock price.
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