RWE AG finalized its $6.8 billion acquisition of all shares in Con Edison Clean Energy Businesses.

The transaction makes the newly dubbed RWE Clean Energy one of the five largest renewable energy company in the U.S. and the country’s second largest solar owner and operator.

The acquisition included a portfolio of 8 GW of renewable energy projects and a development platform of more than 24 GW. Around 60% of the portfolio is onshore wind and 40% solar.

Mark Noyes was named CEO of RWE Clean Energy. The executive management team includes Ingmar Ritzenhofen as CFO, Andrew Flanagan as chief development officer and Akshaya Bhargava as COO.

Con Edison said it continues to invest in clean ene