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.
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.”
The 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.”