NewQ1 2026 Clean Energy Deal Intelligence Report is live
M&AAnnouncedOctober 1, 2022

Con Edison Clean Energy Businesses — 3 GW operating + 7 GW pipeline US renewables (largely solar in CA/TX)

RWE acquires Con Edison Clean Energy Businesses — $6.8B EV, largest 2022 US clean energy M&A. Closed March 2023. Combined RWE+CEB to ~7.2 GW US renewables (2nd largest US solar operator). Qatar Investment Authority took 9.1% of RWE via $2.43B convertible bond to fund deal.

$6.80B

Deal Value

3,000MW

Capacity

Solar

Technology

Multi-state

Location

MarketsSolar

Deal Details

Deal Type
Corporate M&A
Seller / Sponsor
Consolidated Edison, Inc. (NYSE: ED)
Buyer / Financier
RWE AG
Deal Value
$6.8B EV (11x EV/EBITDA)
Stage
Mixed (Operating + Development)
ISO/RTO
Multiple

Related Deals

Get deals like this in your inbox

Free weekly clean energy deal intelligence. Every Monday.

← Back to Deal Database