CBD Energy to expand renewable businesses into US solar market

9 September 2012 (Last Updated September 9th, 2012 18:30)

Australia-based CBD Energy has announced plans to launch its portfolio of renewable energy businesses in the US market.

CBD Energy

Australia-based CBD Energy has announced plans to launch its portfolio of renewable energy businesses in the US market.

The move follows the company's announcement of a proposed merger with Westinghouse Solar.

The renewable energy firm plans to debut its technologies and services during the upcoming Solar Power International conference in Orlando, US.

Gerry McGowan, CBD Energy managing director and CEO, said the company's pending merger with Westinghouse Solar offers an ideal platform for its renewable energy business expansion into the US market.

"In addition to building upon Westinghouse Solar's business in the US, CBD Energy plans for US operations built around its core strengths in design, engineering, procurement and construction (EPC) of commercial solar projects; energy efficiency and storage technologies; and energy services," McGowan added.

"CBD Energy's merger with Westinghouse Solar and the launch of our renewable energy divisions in the US aligns with our strategy to create a more highly diversified business and to accelerate our access to growth opportunities in renewable energy."

The firm plans to focus on in assisting customers with financing and EPC of solar projects in the country.

In addition, the company intends to offer service providers and utilities a solar option to add to their portfolios.

CBD Energy has a range of energy efficiency, capacitor, storage and remote area storage technologies, which would help in addressing various energy management challenges.

Margaret Randazzo, Westinghouse Solar chief executive, said: "Expanding the CBD Energy portfolio into the US diversifies our combined business, providing incremental earnings and enabling our continued innovation and expansion."


Image: CBD Energy plans to offer utilities and service providers a solar option to add to their portfolios. Photo: courtesy of CBD Energy.