BayWa r.e. ramps up US ambition through Enable Energy acquisition

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Image: BayWa r.e.

German renewables developer BayWa r.e. has bought US-based solar and energy storage solutions provider Enable Energy Inc (EEI), taking its pipeline of solar and wind projects in the Americas to more than 5GW.

Enable Energy offers engineering, procurement and construction (EPC) services as well as operations and maintenance (O&M) support. BayWa r.e. sees multiple synergies resulting from the acquisition, especially those from Enable’s capabilities in serving commercial and industrial customers.

“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 of BayWa r.e. USA, said.

Since its founding in 2014, California-based Enable Energy has built more than 76MW of rooftop and ground-mount commercial, industrial and utility solar projects. CEO Brad Ferrell said the deal will enable the firm to expand its geographic reach and strengthen its operations and maintenance offering.

The purchase represents the latest move in BayWa r.e.'s expansion strategy in the Americas following last year’s acquisitions of equipment distributor National Solar Distributors and asset management software provider PowerHub.

With 750MW of solar and wind projects under construction in California, North Carolina, Texas and Mexico, BayWa r.e. expects to pass 1GW of utility-scale installations in the Americas by the end of 2020.

Following on from its sale of Europe’s largest floating solar farm in July, the company is expected to offload a pipeline of more than 1GW renewables assets before the end of the year.

Read Next

May 13, 2021
Spanish oil major Repsol has made its first foray into the US renewables market with the acquisition of a 40% stake in solar and energy storage project developer Hecate Energy.
May 11, 2021
Solar-plus-storage is on offer from Swell Energy to Southern California Edison (SCE) customers enrolling in its two virtual power plant (VPP) programs, which are set to boost local resilience.
May 11, 2021
Europe’s solar technology specialists may need up to €7 billion (US$8.51 billion) in capital investment in order to scale up domestic manufacturing to be globally competitive, according to a panel of industry leaders.
PV Tech Premium
May 10, 2021
Andy Colthorpe takes a look at what’s happening and what’s expected to happen in the Japanese large-scale PV market, with data and analysis courtesy of RTS Corporation and interviews with Vena Energy Japan, Sonnedix Japan and Baywa Japan.
May 7, 2021
Danish utility giant Ørsted has completed its first utility-scale solar-plus-storage facility in the US.
May 7, 2021
German agriculture group BayWa has said its renewables business saw an “unusually strong” start to the year, driven by high demand for solar modules and the sale of a PV plant in Japan.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021