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EDF Renewables To Acquire 50% Stake In Solar, DG Firm

-- Forms Strategic Partnership To Offer Comprehensive Suite To C&I Customers

September 24, 2018

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Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

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EDF Renewables North America and EnterSolar, a provider of distributed generation solar solutions to corporate commercial and industrial (C&I) customers, announced a strategic partnership whereby EDF Renewables will acquire a 50 percent interest in EnterSolar, under which the companies will offer C&I customers a comprehensive array of behind-the-meter services.

As part of the agreement, EDF Renewables is providing growth capital as well as additional project financing capabilities to EnterSolar.

"We are impressed with the quality of the EnterSolar team and the striking natural fit between our offerings. EnterSolar has a remarkable customer satisfaction track record with C&I customers, while EDF Renewables Distributed Solutions brings strength and experience specific to ground-mount solar projects up to 30 MWp alongside behind-the-meter battery storage for the C&I sector. This new partnership will benefit from complementary synergies," said Raphael Declercq, executive vice president, EDF Renewables. "The partnership now provides our customers with a wider choice of comprehensive distributed energy solutions."

EDF Renewables delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar, solar+storage, EV charging and energy management; and asset optimization: technical, operational, and commercial skills to maximize performance of generating projects. EDF Renewables’ North American portfolio consists of 10 GW of developed projects and 10 GW under service contracts. EDF Renewables is a subsidiary of EDF Energies Nouvelles, the dedicated renewable energy affiliate of the EDF Group.

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