RWE, a German multinational energy company headquartered in Essen, completed the acquisition of a 2.7GW project pipeline from Nordex, a European company that designs, sells and manufactures wind turbines, for $475m. "The planned acquisition of this leading European renewables developer will strengthen our position in France, one of our target markets. It represents a unique growth opportunity for RWE due to its large and attractive existing project pipeline and strong development platform. Thus, we underline our ambition to grow in our role as one of the globally leading companies in the renewables sector," Markus Krebber, RWE CFO.