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Alongside the recent announcement of CBD Energy’s proposed merger with Westinghouse Solar, the company has launched its portfolio of renewable energy businesses in the US market at Solar Power International this week. With energy deregulation, the company views the US market as primed for growth in energy services, planning to offer utilities and service providers a solar option. CBD Energy also has a range of energy efficiency, capacitor, storage and remote area storage technologies that the company believes will address various energy management challenges.
“CBD Energy’s pending merger with Westinghouse Solar offers an ideal platform for the expansion of our renewable energy business into the world’s largest market,” said Gerry McGowan, managing director and CEO of CBD Energy. “In addition to building upon Westinghouse Solar’s business in the US, CBD Energy plans for US operations built around its core strengths in design, engineering, procurement and construction of commercial solar projects, energy efficiency and storage technologies and energy services.
“CBD Energy’s merger with Westinghouse Solar and the launch of our renewable energy divisions in the US aligns with our strategy to create a more highly diversified business and to accelerate our access to growth opportunities in renewable energy,” continued McGowan.
“CBD Energy sees tremendous opportunity in the solar market in the US, particularly with their EPC expertise combined with Westinghouse Solar’s success in driving down installed system cost by innovating the design and ease of installation of solar panels,” said Margaret Randazzo, chief executive officer of Westinghouse Solar.
Since announcing the merger, CBD Energy and Westinghouse Solar have already demonstrated synergies and collaboration, including partnering on an EPC contract to build a 1.4MW solar project in New Jersey. a joint venture to build 30MW of EPC commercial projects in Italy and a joint agreement to begin distributing 5MW of Westinghouse Solar Instant Connect Solar Power Systems to Harvey Norman’s Commercial Division, Australia’s largest electrical and home improvement retailer.