By BayWa r.e. has acquired Enable Energy (EEI), a U.S.-based commercial and industrial (C&I) solar and energy storage solutions provider.
With 750 megawatts (MW) of solar and wind projects under construction in California, North Carolina, Texas and Mexico, BayWa r.e. will pass 1 gigawatt (GW) of utility-scale installations in the Americas by the end of 2020.
The addition of EEI’s pipeline will push BayWa r.e.’s total pipeline of solar and wind projects to more than 5 GW in the region.
“Enable Energy is one of the fastest-growing solar and energy storage solutions providers in the U.S., with a significant installation base, healthy project pipeline and expanding O&M business. 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.”
Axel Veeser, managing director, BayWa r.e. USA.
“By combining our US C&I focus and extensive expertise with BayWa r.e., we will be able to execute on a significantly expanding project pipeline and leverage the strength of our new parent company’s resources and global brand. We look forward to expanding our geographic reach, building our relationships with strategic clients, strengthening our O&M offering, and working together with BayWa r.e.’s already impressive team to support their global client base with facilities in the U.S.”
Brad Ferrell, CEO of Enable Energy.
EEI will operate under its own name for the time being and eventually be rebranded as a BayWa r.e. company.
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