RWE has agreed to acquire Con Edison Clean Energy Businesses and to become one of the top leading renewable energy companies in the United States. Transaction almost doubles RWE’s renewables portfolio in the US to more than 7 GW of operating assets and is a significant boost of RWE’s US project pipeline to more than 24 GW in onshore wind, solar and batteries. Combined team of about 1,400 employees with vast experience in renewables will step up RWE’s growth and investment plans in the US. Purchase price based on enterprise value of USD 6.8 billion; earnings accretiv acquisition increasing EBITDA by around USD 600 million from year one on Acquisition and additional green growth funded through an equity capital measure of just under 10% of RWE AG’s share capital via issuance of a mandatory convertible bond to QIA
RWE has agreed to acquire Con Edison Clean Energy Businesses and to become one of the top leading renewable energy companies in the United States. Transaction almost doubles RWE’s renewables portfolio in the US to more than 7 GW of operating assets and is a significant boost of RWE’s US project pipeline to more than 24 GW in onshore wind, solar and batteries. Combined team of about 1,400 employees with vast experience in renewables will step up RWE’s growth and investment plans in the US. Purchase price based on enterprise value of USD 6.8 billion; earnings accretiv acquisition increasing EBITDA by around USD 600 million from year one on Acquisition and additional green growth funded through an equity capital measure of just under 10% of RWE AG’s share capital via issuance of a mandatory convertible bond to QIA
