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ConEd Agrees to Sell Clean Energy Business for $6.8 Billion to RWE

by Editorial Board
October 2, 2022
in Business News
ConEd Agrees to Sell Clean Energy Business for $6.8 Billion to RWE


Consolidated Edison has agreed to sell its renewable energy business to German energy company RWE for $6.8 billion, the companies said Saturday.

The deal nearly doubles RWE’s renewable energy portfolio in the U.S. and will make it the second-largest solar operator in the country, the company said in a statement. ConEd’s portfolio includes more than 10 gigawatts of renewable projects in operation or under development.



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