Your Portal for Key Energy Information and Research

RWE Renewables

Company Summary

Description

RWE Renewables, the newest subsidiary of the RWE Group, is one of the world's leading renewable energy companies. With around 3,500 employees, the company has onshore and offshore wind farms, photovoltaic plants and battery storage facilities with a combined capacity of approximately 9 gigawatts. RWE Renewables is driving the expansion of renewable energy in more than 15 countries on four continents. By the end of 2022, RWE Renewables targets to invest €5 billion net in renewable energy and to grow its renewables portfolio to 13 gigawatts of net capacity. Beyond this, the company plans to further grow in wind and solar power. The focus is on the Americas, the core markets in Europe and the Asia-Pacific region.

Website

http://americas.rwe.com/

Recent news

  • 10/24/2023 - New York Awards... (subscriber access)
  • 10/6/2023 - Germany Urged to... (subscriber access)
  • 3/2/2023 - RWE Closes on Con Edison... (subscriber access)
  • 12/8/2022 - RWE Secures Offshore... (subscriber access)
  • 10/4/2022 - RWE is Seeking to Retire... (subscriber access)

Company Transactions

Date: 3/31/2023
Type: Acquisition

BUYERS:
  • RWE Renewables
    • SELLERS:
  • Consolidated Edison Inc
    • DETAILS:

    COST: 6.8 $B

    VOLUMES: 4000 MW

    NOTES:
    Con Edison has agreed to sell its subsidiary, Con Edison Clean Energy Businesses, to RWE Renewables Americas for $6.8 billion as it focuses on its core utility business. Their clean energy business operates more than 4 GWs of renewable energy projects in North America.
    REGIONS:
  • North America