RWE to partner with Essent in $12.4 Billion Deal — Renewable Energy Synergies Expected


German utility RWE AG announced today it will enter into a partnership with Dutch utility Essent N.V. in a deal valued at 9.3 billion euros (12.4 billion dollars).   The transaction is expected to complement RWE's efforts to grow it's renewable energy capacity to 4,500 MW by 2012. RWE Press Release; Bloomberg Article