RWE Renewables to acquire Con Edison Clean Energy Businesses from Consolidated Edison for $6.8bn.

RWE Renewables, an international provider of renewable energy, agreed to acquire Con Edison Clean Energy Businesses, a renewable energy company, from Consolidated Edison, an investor-owned energy-delivery company, for $6.8bn. “The acquisition of Con Edison Clean Energy Businesses is a major boost for RWE’s green expansion in the United States, one of the most attractive and fastest growing markets for renewable energy. The unique combination of complementary portfolios in onshore wind, solar and batteries creates one of the leading renewable companies in the US market. The combined development pipeline, one of the largest in the US, provides tremendous opportunities for sustainable and value accretive growth, backed by a strong financial position. I am very pleased to welcome about 500 new colleagues. Together, we will form a powerful RWE team, strongly committed to contribute to the global energy transition,” Markus Krebber, RWE CEO.