L R AS Published on Monday 17 October 2022 - n° 420 - Categories:industrial strategy

In brief, acquisition and development: RWE, ReneSola, European Energy

In brief, acquisition and development: RWE, ReneSola, European Energy

The acquisition of Con Edison allows RWE to diversify its portfolio of renewable assets.

With only 698 MW of solar distributed worldwide in June 2022 (and 4.1 GW of wind), RWE is acquiring 2.7 GW of solar assets in the US and a portfolio of 7 GW to be built

In thefirst half of 2022, RWE's fossil fuel activities (coal, lignite, gas) provided more than two thirds of the group's electricity production. Renewables accounted for 24% of production.

https://www.pv-tech.org/rwe-sees-massive-growth-opportunities-for-us-solar-following-con-edison-deal/

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ReneSola acquires UK developer Emeren, which has a portfolio of over 2 GW of solar and 0.5 GW of storage under development.

https://www.pv-tech.org/renesola-power-grows-european-solar-pipeline-with-emeren-acquisition/

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The US subsidiary of Denmark's European Energy (EE) wants to develop 10 GW of renewable energy in the US by 2026. European Energy is currently active in 26 markets worldwide with a renewable energy project portfolio of 40 GW.

https://www.pv-tech.org/european-energy-subsidiary-to-develop-10gw-of-us-renewables-by-2026/

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