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Stock impact report

Leading U.S. Coal Producer Developing Solar, Energy Storage at Former Mines [Yahoo! Finance]

Peabody Energy Corporation (BTU) 
Last peabody energy corporation earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Peabody Energy, headquartered in St. Louis, Missouri, and RWE on Nov. 21 announced a collaboration that will "invest in the rural parts of the U.S. heartland and transform the sites into clean energy hubs." The companies on Thursday said Germany-headquartered RWE is acquiring a majority interest in the R3 Renewables LLC ownership group alongside founding partner Peabody. R3 is a joint venture (JV) launched by Peabody, Summit Partners Credit Advisors (SPCA) and Riverstone Credit Partners in 2022. The JV repurposes land previously used for coal mining to develop renewable energy projects. Hanson Wood, senior vice president of development at RWE, told POWER , "Peabody and RWE are committed to jointly exploring the development of solar and storage across Peabody's global fleet of reclaimed mine lands." RWE is acquiring SPCA and Riverstone's equity interest in R3 and Peabody will retain a 25% equity interest. The groups said the initiative expects to install more than 5.5 GW of solar energ Show less Read more
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