EDF Renewables North America (EDFR) introduced that it has acquired 100-percent of EnterSolar, a supplier of photo voltaic options to company business and industrial (C&I) prospects. EDFR beforehand held a 50-percent curiosity in EnterSolar in a partnership introduced in September 2018. As an entirely owned subsidiary of EDFR, 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 (EV) charging.
EnterSolar has been offering behind-the-meter photo voltaic options for a spread of company shoppers for 15 years and can proceed to offer C&I prospects with photo voltaic and solar-plus-storage options. With 59 megawatts (MW) of photo voltaic capability put in in 2020, EnterSolar ranks among the many high builders of C&I photo voltaic within the U.S., based on the corporate.
Through this acquisition, EnterSolar advantages from EDF Renewables’ gear procurement capabilities, undertaking growth capital and extra product choices, whereas positioning EDFR to fulfill the accelerating demand for distributed era photo voltaic options from the company C&I market.
“The acquisition permits EnterSolar to completely leverage EDF Renewables’ unparalleled expertise in grid-scale renewable vitality and our strong monitor document in growing behind-the-meter photo voltaic photovoltaic initiatives in an effort to turn into the popular supplier of distributed era photo voltaic options to the company market,” Peyton Boswell, Managing Director of EnterSolar.
Raphael Declercq, Executive Vice President, Distributed Solutions and Strategy, commented, “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 prospects with a wider selection of product choices to fulfill the rising demand for distributed vitality options.”
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