Retail Supplier Affiliate Acquires Remaining Interest In Distributed Solar Provider Focused On Corporate, C&I Market
January 27, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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EDF Renewables North America (EDFR) announced its 100-percent acquisition of EnterSolar, a national provider of distributed generation solar solutions to corporate commercial and industrial (C&I) customers.
EDF Renewables previously held a 50-percent interest in EnterSolar, through a strategic partnership announced on September 24, 2018.
As a wholly-owned subsidiary of EDF Renewables, EnterSolar will now 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 charging," EDF Renewables said
EnterSolar brings a 15-year track record of providing behind-the-meter solar solutions for a diverse range of corporate clients nationally and will continue to provide C&I customers with solar and solar-plus-storage.
"With 59 MW of solar capacity installed in 2020 alone, EnterSolar has consistently ranked among the top developers of C&I solar in the U.S.," EDF Renewables said
"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," EDF Renewables said