Goldman Sachs is set to acquire RWE’s distributed clean energy business in the US
This will strengthen Goldman Sachs Alternatives' position in the US distributed renewable energy market, according to the company
RWE said this is aimed at focusing on its utility-scale generation and storage business in the country
Goldman Sachs Alternatives has agreed to acquire the US Distributed Clean Energy (DCE) business of Germany-headquartered clean energy group RWE. This deal, when finalized in Q4 2026, will expand the former’s presence in the country's distributed renewable energy market.
RWE’s DCE business includes about 348 MW DC of operating distributed renewable energy assets across 16 US states and a development pipeline of around 1.2 GW.
The duo explained that following the transaction, the business will continue to provide operations and maintenance, asset management, and project development services to the customers.
According to Goldman Sachs Alternatives, the acquisition will establish a standalone distributed generation platform for the company focused on commercial-scale renewable energy projects.
Teresa Mattamouros, Managing Director within Infrastructure at Goldman Sachs Alternatives, called the acquisition a ‘compelling opportunity’ to build a market-leading distributed generation platform at a pivotal moment for US power infrastructure.
Goldman added that rising power demand and increasing grid decentralization are driving the need for localized renewable energy solutions.
For RWE, the sale supports its strategy of concentrating on its US utility-scale power business.
“This transaction allows RWE to further sharpen its strategic focus on growing our utility-scale power business in America, while positioning DCE for continued success under new ownership," said Andrew Flanagan, CEO of RWE Americas. The company operates close to 13 GW of power projects across 27 states. RWE Americas develops, constructs, and operates wind, solar, and battery storage projects, along with natural gas-powered generation.
