RWE AG has completed its acquisition of Con Edison Clean Energy Businesses Inc., making RWE the fourth-largest renewable energy company in the United States and the nation’s second-largest solar owner and operator, the company said.
The new company is called RWE Clean Energy LLC (RWE Clean Energy). The company has an 8 GW portfolio of renewable energy projects and a development pipeline of more than 24 GW, one of the largest in the United States. More than 15 years of experience in renewable energy business and experience in development work, construction. and the RWE team in the U.S. that operates renewable energy facilities — about 1,500 employees — is “fully committed to advancing the clean energy transition,” the company says.
Mark Noyes has been appointed CEO of RWE Clean Energy. The management team includes Ingmar Ritzenhofen (CFO), Andrew Flanagan as (Development Director) and Akshaya Bhargava (COO).
“From today, RWE is the top renewable energy company in the United States,” says Markus Krebber, CEO of RWE AG. “With the creation of RWE Clean Energy, we are significantly increasing RWE’s presence in the United States, which is one of the world’s most attractive and fastest growing renewable energy markets. By bringing together two strong teams and combining onshore wind power with solar projects, we create a way to grow our portfolio significantly.”
RWE Clean Energy’s portfolio consists of approximately 60% onshore wind power and 40% solar energy. The expansion will come in the onshore wind, solar, battery storage and offshore wind sectors.