RWE Completes Acquisition of Con Edison’s Renewables Enterprise

Markus Krebber

RWE AG has closed its acquisition of Con Edison Clean Energy Businesses Inc., making RWE the number-four renewable energy firm within the U.S. and the nation’s second largest solar proprietor and operator, the corporate says.

The newly created firm is named RWE Clean Energy LLC (RWE Clean Energy). The firm operates a portfolio of 8 GW of renewable energy tasks and has a improvement platform of greater than 24 GW, one of many largest within the U.S. With greater than 15 years of expertise within the renewable energy enterprise and a observe document in creating, setting up and working renewable energy amenities, the RWE crew within the U.S. – about 1,500 staff – is “fully committed to forging ahead with the clean energy transition,” the corporate says.

Mark Noyes has been appointed CEO of RWE Clean Energy. The government administration crew consists of Ingmar Ritzenhofen (CFO), Andrew Flanagan as (chief improvement officer) and Akshaya Bhargava (COO).

“From today forward, RWE is a top tier company for renewable energy in the United States,” says Markus Krebber, CEO of RWE AG. “With the creation of RWE Clean Energy, we are significantly stepping up RWE’s presence in the U.S., one of the most attractive and fastest growing markets for renewable energy in the world. With bringing together two strong teams and combining onshore wind with solar projects, we are setting the path to significantly grow our portfolio.”

RWE Clean Energy’s portfolio includes about 60% onshore wind and 40% solar. Expansion will come within the onshore wind, solar, battery storage and offshore wind sectors.

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