BayWa r.e. buys US solar, storage installer Enable Energy
Source: BayWa re renewable energy GmbH
September 10 (Renewables Now) - Germany’s BayWa r.e. renewable energy GmbH has taken over US commercial and industrial (C&I) solar and energy storage firm Enable Energy Inc (EEI) in a deal that grows its regional solar and wind pipeline to above 5 GW.
“The addition of EEI to the BayWa r.e. Americas family will create multiple collaborative opportunities with our existing businesses and improve our position in strategic regional and vertical markets, such as commercial solar-plus-storage,” said Axel Veeser, managing director of BayWa r.e. USA LLC.
Enable Energy was founded in 2014 and has since then installed more than 76 MW of rooftop and ground-mount commercial, industrial and utility solar power facilities in California, Hawaii and other locations. The company has experience in the provision of engineering, procurement and construction (EPC) and operations and maintenance (O&M) support. Moreover, it is active in the behind-the-meter and front-of-meter energy storage EPC sectors, where it completed over 70 MWh of installations just last year.
At first, Enable Energy will operate under its own name and will eventually be rebranded as a BayWa business.
BayWa r.e. expects to pass 1 GW of utility-scale solar and wind park installations in the Americas by the end of the year, having 750 MW currently under construction in California, North Carolina, Texas and Mexico, it noted.