EDF Renewables acquires remaining interest in EnterSolar

EDF Renewables North America (EDFR) recently 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 in a strategic partnership they announced on September 24, 2018. As a wholly-owned subsidiary of EDF Renewables, EnterSolar will 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.

EnterSolar brings a strong 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 premier solar and solar-plus-storage solutions in the same committed manner. With 59 megawatts of solar capacity installed in 2020 alone, EnterSolar has consistently ranked among the top developers of C&I solar in the U.S. 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.

“We are excited to be wholly a part of EDF Renewables. The acquisition allows EnterSolar to fully leverage EDF Renewables’ unparalleled experience in grid-scale renewable energy and our solid track record in developing behind-the-meter solar photovoltaic projects in order to become the preferred provider of distributed generation solar solutions to the corporate marketplace,” Peyton Boswell, Managing Director of EnterSolar.

Raphael Declercq, Executive Vice President, Distributed Solutions and Strategy, commented, “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. We are excited today to further our ambitions as one company to provide customers with a wider choice of product offerings to meet the growing demand for distributed energy solutions.”

Declercq added, “With skillful and talented employees at all levels, EnterSolar positions EDF Renewables Distributed Solutions Group for a promising and successful future.”

— Solar Builder magazine

[source: https://solarbuildermag.com/news/edf-renewables-acquires-remaining-interest-in-entersolar/]