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EDF Renewables Acquires Remaining Interest in EnterSolar
January 27, 2021
Investment capitalizes on accelerating growth in C&I solar market
EDF Renewables North America (EDFR), a leading developer in the renewable energy sector, today 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 PowerFlex in a strategic partnership they announced on September 24, 2018. As a wholly-owned subsidiary of EDF Renewables, PowerFlex 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.
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 EDF Renewables’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.”
Read the full press release here.
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