Growth from the acquisition will come on top of RWE’s existing growth plans for the United States. In addition, RWE is also forging ahead with the expansion of its global offshore wind activities in the United States. The unique combination of both businesses also leads to a perfectly balanced portfolio across onshore wind, solar and batteries.Ī combined project pipeline of more than 24 GW in onshore wind, solar and batteries provides one of the largest development platforms for renewable energy in the U.S. presence becomes more widely spread across the vast majority of U.S. The Inflation Reduction Act sets a stable and reliable 10-year framework for investments in clean energy.Ĭombined activities create strong basis for additional growth in the United StatesĬombining RWE’s and Con Edison CEB’s highly complementary portfolios almost doubles RWE’s operating asset base in the U.S. Once completed, this will make RWE the number 4 renewable energy company and the second largest solar operator in the United States, one of the largest and fastest growing markets for renewable energy globally. The transaction marks a milestone in RWE’s growth ambitions in the United States. Headquartered in Valhalla, New York, Con Edison CEB is a leading operator and developer of renewable energy plants in the United States, with about 3 gigawatts (GW) of operating capacity, thereof 90% in solar energy, and a strong development pipeline of more than 7 GW. to acquire all shares in Con Edison Clean Energy Businesses, Inc. RWE AG, one of the world’s leading renewable energy companies, signed a purchase agreement with Con Edison, Inc.
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