Utilities Daily: RWE Australian Wind Project and EU Electrification Targets

This GS Utilities Daily update covers RWE's 1.1 GW wind project win in Australia and a corporate push for a 50% EU electrification target. It also highlights a growing 280 GW data center pipeline in Europe as a catalyst for a utility sector 'super cycle'.

Key Takeaways

• 1.RWE has secured a contract for the 1.1 GW Theodore onshore wind project in Australia with an investment of €1.9 billion.
• 2.A coalition of companies including RWE, Microsoft, and Amazon are urging the EU to set a 50% electrification target by 2040 to ensure competitiveness.
• 3.Europe's data center pipeline has reached 280 GW, a 65% increase in nine months, signaling a major inflection point for power demand.

Table of Contents

• Research you can't miss from past two weeks
• RWE receives support for 1.1 GW onshore wind farm under Australian CIS scheme
• Companies call for EU electrification targets
• EDPR signs 100 MW solar built and transfer agreement in US
• Other news
• Events to watch this week
• Research you need to read

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