EDF Renewables eyes C&I market growth with EnterSolar acquisition

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
A C&I rooftop PV installation from EnterSolar. Image: EnterSolar.

EDF Renewables North America has acquired 100% of US distributed generation company EnterSolar, as it aims to capitalise on accelerating growth in the commercial and industrial (C&I) solar market.

The deal sees EDF Renewables take full control of the New York-headquartered firm after acquiring a 50% stake in 2018. EnterSolar will be able to benefit from EDF’s equipment procurement capabilities, project development capital and additional product offerings, the companies said.

EnterSolar has a 15-year track record of providing behind-the-meter solar and solar-plus-storage solutions for a range of corporate clients in the US, including Amazon, Target and PepsiCo. The company installed 59MW of solar capacity in 2020.

As a wholly owned subsidiary, EnterSolar will operate as part of EDF Renewables North America’s distributed solutions group.

“The initial investment in EnterSolar proved to be the absolute right partnership for synergy between EDF Renewables North America’s strengths and EnterSolar’s expertise in the C&I market,” said Raphael Declercq, EVP of distributed solutions and strategy at EDF Renewables North America. “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.”

The deal follows a flurry of similar transactions involving US-based C&I solar project developers: EDP Renewables recently acquired C2 Omega, the distributed solar platform of renewables investor C2 Energy Capital, while Distributed Solar Development this week closed a US$300 million debt facility to develop a range of new projects, months after BlackRock took full control of the company.  

Last year saw German renewables developer BayWa r.e. buy C&I solar and energy storage solutions provider Enable Energy, and Blackstone announced the formation of a new portfolio company, ClearGen, which will finance and own distributed generation assets. The investment firm said the market for on-site renewable projects is expanding as C&I players look to improve the sustainability of their operations and respond to power cuts caused by extreme weather. 

Read Next

April 16, 2021
There was a more than fourfold increase in corporate solar funding in Q1 2021 compared with the same quarter last year, amid strong demand for PV assets globally, according to new analysis by Mercom Capital.
April 15, 2021
Renewable energy software providers Power Factors and Greenbyte have joined forces, creating an entity that supports more than 75GW of solar, wind and energy storage assets globally.
April 13, 2021
US independent power producer Catalyze has expanded its project pipeline to more than 2GW through the acquisition of commercial and industrial (C&I) solar developer PermaCity.
April 13, 2021
London-based US Solar Fund has launched a placing programme that will be conducted over the next 12 months to help expand its PV portfolio to 543MWdc.
April 12, 2021
A consortium between Abu Dhabi-based Masdar, EDF Renewables and Nesma Holding Company has broken ground on a 300MW PV project in Saudi Arabia.
April 8, 2021
The US Department of the Treasury has revealed how new renewable tax incentives will be paid for by a tax raid on the fossil fuel industry, eliminating subsidies for oil and gas companies.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET
Solar Media Events
May 11, 2021