The synthesis, structure, photophysics, and spectroscopic characterization of an organometallic rhenium multichromophore compound carrying a central 2,2′-bipyridyl acceptor moiety with additional phenylethynyl substituents conjugated at the 4,4′-positions of the acceptor ligands and its effect on the electron density of the central rhenium atom as metal center for CO 2 reduction is reported. The results were compared to fac-(2,2′-bipyridyl)Re(CO) 3 Cl and fac-(5,5′-bisphenylethynyl-2,2′-bipyridyl)Re(CO) 3 Cl. Cyclovoltammetric studies and rotating disk electrochemistry were performed for electrochemical characterization. Ultraviolet and visible (UV-vis) absorption, Fourier transform infrared (FTIR), and luminescence measurements were carried out for a spectroscopic characterization and compared to theoretical calculations at the density functional theory (DFT) level. In addition, the rhenium complex fac-(4,4′-bisphenyl-ethynyl-2,2′-bipyridyl)-Re(CO) 3 Cl was used as a novel catalyst for the electrochemical reduction of CO 2 in homogeneous solution. Results showed an 11-fold increase in the current density under CO 2 saturation and a catalytic second-order rate constant for CO formation of about 560 M −1 s −1 on a Pt working electrode. For further characterization of the CO 2 reduction capabilities, bulk controlled potential electrolysis experiments were performed using a CO 2 -saturated acetonitrile electrolyte solution. The headspace product gas analysis yields CO as main reduction product with faradaic efficiencies of about 12 % over 5-h electrolysis time.