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

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German energy company RWE’s deal to buy ConEd would nearly double its renewable energy portfolio in the U.S. and make it the second-largest solar operator in the country, the company said

Consolidated Edison Inc. has agreed to sell its renewable energy business to German energy company RWE AG 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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