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EDF Renewables has purchased 100 percent of EnterSolar, a national supplier of distributed generation solar systems for commercial and industrial (C&I) customers.
EDF Renewables previously had a 50 percent stake in EnterSolar in a joint alliance announced in September 2018. As a wholly-owned subsidiary of EDF Renewables, EnterSolar will run as part of the Distributed Solutions Group and will benefit from improved financial flexibility and wider offerings, including electricity efficiency and smart electric vehicle charging.
With 59 MW of solar energy deployed in 2020 alone, EnterSolar has consistently rated among the top developers of C&I solar power in the U.S. Via this purchase, EnterSolar profits from the sourcing capability of EDF Renewables, project construction resources and additional product offerings, while positioning EDFR to satisfy the accelerated demand for distributed generation solar technologies from the corporate C&I industry.
“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.
“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. With skillful and talented employees at all levels, EnterSolar positions EDF Renewables Distributed Solutions Group for a promising and successful future.”
Raphael Declercq, executive vice president, distributed solutions and strategy.
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