# Schneider Electric acquires Renewable Choice Energy

Schneider Electric acquired Renewable Choice Energy, a leader in helping commercial, industrial and institutional clients navigate clean energy purchasing options. The acquisition enhances Schneider Electric's position in the renewables market and bolsters its advisory services for power purchase agreements.

- Type: Acquisition
- Announced: 2017-04-12
- Where: United States
- Value: $3.00B
- Status: completed
- Products: clean energy advisory services, power purchase agreements
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [General Electric](https://endata.com/companies/1262.md) (target)
- [ABB](https://endata.com/companies/1547.md) (acquirer)
- [Schneider Electric](https://endata.com/companies/2048.md) (acquirer)
- [Renewable Choice Energy](https://endata.com/companies/21527.md) (target)

## Sources

- [past.jamaica-gleaner.com](http://past.jamaica-gleaner.com/article/news/20170413/schneider-electrics-latest-acquisition-could-benefit-caribbean?qt-article_image_video=1), 2017-04-13: "Already recognised as one of the world's most sustainable companies, the acquisition further enhances Schneider Electric's existing position in the rapidly growing renewables market."
- [electricalmarketing.com](https://www.electricalmarketing.com/news/industry/article/20914755/reuters-schneider-electric-abb-vying-for-ge-industrial-solutions), 2017-04-21: "Reuters, citing unnamed sources, reported that ABB Ltd of Switzerland and Schneider Electric SE of France are competing to buy General Electric’s Industrial Solutions division."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.