EDF Renewables North America has acquired US commercial distributed solar generation provider EnterSolar.
The company will now become a wholly owned subsidiary of EDF Renewables and operate as a part of its Distributed Solutions Group.
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EnterSolar will also benefit from increased financial stability and broader offerings, including energy storage and smart electric vehicle charging.
In September 2018, EDF Renewables acquired a 50% interest in EnterSolar under a strategic partnership. Financial details of the new deal have not been disclosed.
EnterSolar offers behind-the-meter solar systems for corporate clients across the US. The company will continue to provide commercial and industrial customers with solar and solar-plus-storage systems.
EnterSolar managing director Peyton Boswell said: “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.”
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By GlobalDataThe deal is expected to position EDFR to meet the accelerating demand for distributed generation solar solutions from the corporate C&I market.
EDFR Distributed Solutions and Strategy executive vice-president Raphael Declercq said: “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.”
