RWE has announced the formation of a new company called RWE Clean Energy following its acquisition of Con Edison Clean Energy.
The new organisation, which was formed as a result of combining RWE Renewables Americas with Con Edison Clean Energy Businesses, will be headed up by Mark Noyes as chief executive officer.
This comes as RWE successfully closed acquisition of all shares in Con Edison Clean Energy Businesses, Inc. (Con Edison CEB), from Consolidated Edison, Inc.
RWE said the acquisition makes it the number four renewable energy company in the U.S. and the country’s second largest solar owner and operator, with business activities now spanning across the majority of U.S. states.
The company operates a portfolio of 8GW of renewable energy projects and has a development platform of more than 24GW, one of the largest in the U.S, it added.
Mark Noyes, who has more than 30 years of experience in the industry, will be joined by an Executive Management Team formed by members of the former top leadership teams of both RWE Renewables Americas and Con Edison CEB.
This includes Ingmar Ritzenhofen as chief finance officer, Andrew Flanagan as chief development officer and Akshaya Bhargava as chief operating officer.
RWE chief executive officer Markus Krebber (pictured) said: “From today forward, RWE is a top tier company for renewable energy in the United States.
“With the creation of RWE Clean Energy, we are significantly stepping up RWE’s presence in the U.S., one of the most attractive and fastest growing markets for renewable energy in the world.
“With bringing together two strong teams and combining onshore wind with solar projects, we are setting the path to significantly grow our portfolio.
“The extensive experience of the employees of RWE Clean Energy in expanding renewable energy from coast to coast, enables us to take a leading role in these important technologies, backed by a large development platform and a strong financial position.
“And with developing offshore wind, now also in the U.S., we are even going beyond each U.S. coast.”
Mark Noyes said: “As CEO of RWE Clean Energy, one of the leading renewable energy companies in the U.S., I am very excited to drive RWE’s growth, jointly together with my team.
“Our 1,500 employees at RWE in the U.S. with vast experience in renewable energy will differentiate us in a highly competitive market.
“The complementary perfect fit of our combined businesses in terms of spirit, technologies and regional presence across the vast majority of U.S. states, provides RWE Clean Energy the platform to operate as one team from day one on and the support to make integration very smooth.
“At RWE Clean Energy, we are striving to offering one of the best places to work in the industry, positioning us for keeping and attracting talent to continuously grow our team.