Announced

Completed

RWE Renewables completed the acquisition of JBM Solar.

Synopsis

RWE Renewables, a renewables developer, completed the acquisition of JBM Solar, a solar energy company. Financial terms were not disclosed. “We are already well positioned in offshore and onshore wind in the UK. Now we are significantly strengthening our renewables business by adding this already very advanced solar and battery pipeline. The combined development pipeline, one of the largest in the UK, provides tremendous opportunities for sustainable and value accretive growth. The first projects could be delivering electricity as early as next year," Katja Wünschel, RWE Renewables CEO Onshore Wind and Solar Europe & Australia.

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