Energy & Science
After 139 Years of Coal Mining, Peabody Expands Into Solar
- R3 Renewables joint venture to build solar farms at old mines
- Peabody is working with Riverstone Credit and Summit Partners
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Peabody Energy Corp, the biggest U.S. coal producer, is expanding into clean energy.
The St. Louis-based company is forming a joint venture with Riverstone Credit Parters and Summit Partners Credit Advisors to develop utility-scale solar projects on land around retired coal mines, according to a statement Tuesday.