EDF Renewables North America has acquired a 100% stake in US-based distributed photo voltaic vitality options agency EnterSolar.
EDF Renewables had initially acquired a 50% stake in EnterSolar in a deal closed in 2018.
EnterSolar offers distributed era photo voltaic options to company industrial and industrial (C&I) clients.
As a wholly-owned subsidiary of EDF Renewables, EnterSolar will function as part of the Distributed Solutions Group and profit from elevated monetary stability and broader choices, together with vitality storage and sensible electrical automobile charging.
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EnterSolar brings a powerful 15-year observe report of offering behind-the-meter photo voltaic options for a various vary of company purchasers nationally and can proceed to offer C&I clients with premier photo voltaic and solar-plus-storage options in the identical dedicated method.
EnterSolar put in 59MW of photo voltaic capability in 2020 alone.
Peyton Boswell, managing director of EnterSolar, stated: “We are excited to be wholly part of EDF Renewables. The acquisition permits EnterSolar to totally leverage EDF Renewables’ unparalleled expertise in grid-scale renewable vitality and our strong observe report in growing behind-the-meter photo voltaic photovoltaic tasks with a view to grow to be the popular supplier of distributed era photo voltaic options to the company market.”
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Raphael Declercq, govt vp, distributed options and technique, provides, “The preliminary funding in EnterSolar proved to be absolutely the proper partnership for synergy between EDFR’s strengths and EnterSolar’s experience within the C&I market. We are excited right now to additional our ambitions as one firm to offer clients with a wider alternative of product choices to fulfill the rising demand for distributed vitality options.”
EDF Renewables’ North American renewable vitality portfolio consists of 16GW of developed tasks and 11GW underneath service contracts.
The submit EDF Renewables acquires 100% stake in US-based photo voltaic firm appeared first on Power Engineering International.