RWE Renewables Joins Schneider Electric's NEO Network to Accelerate Corporate Renewable Energy Transactions Globally

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Dec 12, 2019, 12:27 ET

BOSTON, Dec. 12, 2019 /PRNewswire/ -- Schneider Electric today announced that RWE Renewables has joined Schneider Electric's NEO Network™, a growing community of forward-thinking organizations advancing reliable and cost-effective renewable energy and cleantech solutions around the world.

RWE Renewables, the newest subsidiary of RWE, is one of the world's leading renewable energy companies driving the expansion of renewable technologies in 15 countries across the Americas, Europe, and Asia-Pacific regions. It has more than 9 gigawatts of installed capacity and an additional 2.6 gigawatts currently under construction.

"Our partnership with RWE Renewables demonstrates the importance of joining NEO Network and its ever-growing role in catalyzing global clean energy transactions," said John Hoekstra, Vice President of Sustainability and Cleantech Services for Schneider Electric. "We support RWE on its ambitious renewable energy expansion initiatives and look forward to delivering performance optimization services and client engagement opportunities."

The global partnership between RWE Renewables and Schneider Electric's NEO Network is timely, as companies worldwide are procuring renewable energy in record numbers. Through July 2019 alone, commercial and industrial organizations had contracted for 8.6 gigawatts of renewable energy via large-scale power purchase agreements (PPAs)—almost 1.5 gigawatts more than recorded at the same time the year before. There are now more than 210 committed organizations signed on to the RE100 and close to 700 companies taking action on Science Based Targets, with no signs of growth slowing.

Through NEO Network, RWE Renewables will gain competitive intelligence on the European corporate PPA market, as well as supportive services to increasingly innovate and advance renewable energy transactions. The partnership also provides access to market reports and events, alongside increased reach and exposure to the corporate buying community worldwide.

NEO Network was launched in 2016 by Schneider Electric Energy & Sustainability Services, the world's largest corporate renewable energy consultancy. ESS has advised clients on more than 7 gigawatts of large-scale renewable PPAs throughout North America, Europe, Asia, and Australia. NEO Network serves the needs of more than 255 multinational corporations and solution providers in these regions, with the objective to accelerate renewable and cleantech decision-making.

Complimentary membership in NEO Network is available to qualified corporate buyers via Accelerator Access, and to renewable energy and cleantech solution providers via subscription. To learn more about NEO Network, visit NEONetworkExchange.com.

About Schneider Electric

At Schneider, we believe access to energy and digital is a basic human right. We empower all to do more with less, ensuring Life Is On everywhere, for everyone, at every moment. We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries. We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate with our Meaningful Purpose, Inclusive and Empowered values. schneider-electric.com/ess

SOURCE Schneider Electric