European Energy, US ambition | Danish group joins transatlantic green push with 10GW goal
Developer flags plans in wind, solar and hydrogen as more of Europe's renewables players look for American growth in market helped by IRA
European Energy unveiled ambitions to develop 10GW of renewables in the American market by 2026, as it added to a lengthening roll call of players from across the Atlantic eying a slice of the US green action.
Denmark-based European Energy has bought 7,000 acres of land in Texas – where it is eying a first 1GW of solar – and western US states as part of a renewable power push that will also encompass green hydrogen investments, the company said.
Knud Erik Andersen, CEO of European Energy, said the company "views the US as a critical market for solar and wind power, as well as technologies like power-to-X that will be essential solutions in decarbonising the hardest-to-abate sectors of the economy".
European Energy, which has a 40GW global pipeline, opened an office in Austin, Texas, to lead the US charge by its EE North America unit.
That has recently led several big names from Europe’s power sector to declare US growth plans – adding to the continent’s oil & gas giants that are leading the North American offshore wind charge, and long-standing European utilities active there such as Enel, EDPR and Iberdrola.