RWE Group subsidiary RWE Clean Energy has promoted the company's Chief Development Officer (CDO) to the top position of Chief Executive Officer (CEO). Andrew Flanagan takes over the position from Mark Noyes.
RWE said Noyes decided to step down from the management of the company by mutual consent.
Before joining RWE in July 2022, Flanagan was the CDO of Leeward Renewable Energy for over 11 years. He also worked with Invenergy for several years as vice president, Business Development.
Welcoming Flanagan as the new CEO, RWE AG CEO and Chairman of RWE Clean Energy, Markus Krebber said, "He knows the company inside out and has played a key role in setting up RWE Clean Energy. Andrew takes up his new role at a time when we are committed to significantly expanding the business in all areas – onshore wind, solar and batteries."
Flanagan will be supported by Ingmar Ritzenhofen as the company's CFO and Akshaya Bhargava as the COO.
The subsidiary operates a renewable energy portfolio of about 8 GW installed capacity of onshore wind, solar and battery storage assets. It also touts a project pipeline of more than 24 GW as one of the largest development platforms in the US. Its parent RWE Group aims to grow its green portfolio of over 65 GW of installed capacity till 2030.
Focused on the US market, RWE Clean Energy was created with the combination of RWE Renewables Americas and Con Edison Clean Energy Businesses. RWE acquired Con Edison in March 2023 (see RWE Strengthens Position In UK & US RE Markets).