European Energy subsidiary EE North America has announced its ambition to develop 10GW of renewable energy in the United States by 2026.
EE North America recently opened a new office in Austin, Texas, to support its US development pipeline.
The company has purchased over 7,000 acres of land to develop its first US solar projects, including 1GW of solar capacity in Texas and additional projects in the western United States.
EE North America is also exploring investments in green hydrogen and e-methanol, which have applications in transportation, home heating, and heavy industry.
European Energy chief executive Knud Erik Andersen said: “We are excited to expand our renewable energy project development expertise into the United States.
“European Energy 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.
“Our vision is to enable the transition to clean energy, and our ambitious investment plans for the US are an essential part of that journey.”
European Energy recently completed a 50MW electrolyzer order with Siemens to develop the world’s first commercial large-scale e-methanol project.
It also recently signed an agreement with the world’s largest shipping company AP Moller – Maersk to offtake up to 300,000 tons of e-methanol by 2025.
The company is partnering with multiple ports in Europe to produce green hydrogen.
EE North America chief executive Lorena Ciciriello said: “We have the expertise, partnerships, and global track record to deliver fully integrated clean energy systems that enable cross-sectoral decarbonization, while also creating new American jobs and ensuring local communities benefit for generations to come.
“EE North America’s energy solutions are commercially mature and financially viable today, and we look forward to additional partnerships as we make the US a core part of our future growth story.”