EDF Renewables takes full control of DG solar installer EnterSolar
Rooftop solar system. Source: EDF Renewables
January 28 (Renewables Now) - EDF Renewables North America said on Wednesday it has become the sole owner of New York City-based distributed generation (DG) solar solutions provider EnterSolar.
EDF Renewables, part of French utility EDF Group, has acquired the 50% stake it did not already own in the US firm and will run it as a wholly-owned subsidiary. EnterSolar will operate through its new owner’s Distributed Solutions Group and will continue to offer behind-the-meter services to corporate commercial and industrial (C&I) customers.
“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,” said Raphael Declercq, executive vice president Distributed Solutions and Strategy.
EDF purchased a 50% stake in EnterSolar in 2018. Taking full ownership of the company will give it financial stability and broader offerings, EDF Renewables noted.
EnterSolar has been active for 15 years now. During 2020, it installed 59 MW of solar photovoltaic (PV) capacity.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.