EDF Renewables acquires EnterSolar; capitalizing on growth in C&I solar market
EDF Renewables North America (EDFR) announced that it has acquired 100-percent of EnterSolar, a provider of solar solutions to corporate commercial and industrial (C&I) customers. EDFR previously held a 50-percent interest in EnterSolar in a partnership announced in September 2018. As a wholly owned subsidiary of EDFR, EnterSolar will operate as a part of the Distributed Solutions Group and benefit from increased financial stability and broader offerings, including energy storage and smart electric vehicle (EV) charging.
EnterSolar has been providing behind-the-meter solar solutions for a range of corporate clients for 15 years and will continue to provide C&I customers with solar and solar-plus-storage solutions. With 59 megawatts (MW) of solar capacity installed in 2020, EnterSolar ranks among the top developers of C&I solar in the U.S., according to the company.
Through this acquisition, EnterSolar benefits from EDF Renewables’ equipment procurement capabilities, project development capital and additional product offerings, while positioning EDFR to meet the accelerating demand for distributed generation solar solutions from the corporate C&I market.
“The acquisition allows EnterSolar to fully leverage EDF Renewables’ unparalleled experience in grid-scale renewable energy and our solid track record in developing behind-the-meter solar photovoltaic projects in order to become the preferred provider of distributed generation solar solutions to the corporate marketplace,” Peyton Boswell, Managing Director of EnterSolar.
Raphael Declercq, Executive Vice President, Distributed Solutions and Strategy, commented, “The initial investment in EnterSolar proved to be the absolute right partnership for synergy between EDFR’s strengths and EnterSolar’s expertise in the C&I market. We are excited today to further our ambitions as one company to provide customers with a wider choice of product offerings to meet the growing demand for distributed energy solutions.”
The post EDF Renewables acquires EnterSolar; capitalizing on growth in C&I solar market appeared first on Renewable Energy World.