20th July 2024

RWE AG has closed its acquisition of Con Edison Clear Vitality Companies Inc., making RWE the number-four renewable power firm within the U.S. and the nation’s second largest photo voltaic proprietor and operator, the corporate says.

The newly created firm is known as RWE Clear Vitality LLC (RWE Clear Vitality). The corporate operates a portfolio of eight GW of renewable power 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 power enterprise and a monitor file in growing, developing and working renewable power services, the RWE group within the U.S. – about 1,500 workers – is “absolutely dedicated to forging forward with the clear power transition,” the corporate says.

Mark Noyes has been appointed CEO of RWE Clear Vitality. The chief administration group contains Ingmar Ritzenhofen (CFO), Andrew Flanagan as (chief improvement officer) and Akshaya Bhargava (COO).

“From as we speak ahead, RWE is a prime tier firm for renewable power in america,” says Markus Krebber, CEO of RWE AG. “With the creation of RWE Clear Vitality, we’re considerably stepping up RWE’s presence within the U.S., one of the vital engaging and quickest rising markets for renewable power on this planet. With bringing collectively two sturdy groups and mixing onshore wind with photo voltaic tasks, we’re setting the trail to considerably develop our portfolio.”

RWE Clear Vitality’s portfolio contains about 60% onshore wind and 40% photo voltaic. Growth will come within the onshore wind, photo voltaic, battery storage and offshore wind sectors.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.