Consolidated Edison has agreed to promote its renewable vitality enterprise to German vitality firm RWE for $6.8 billion, the businesses stated Saturday.
The deal practically doubles RWE’s renewable vitality portfolio within the U.S. and can make it the second-largest photo voltaic operator within the nation, the corporate stated in an announcement. ConEd’s portfolio consists of greater than 10 gigawatts of renewable initiatives in operation or beneath growth.
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