EDF renewables aquires 50% stake in EnterSolar

The acquisition will serve as a marriage between EDF’s established solar+storage expertise and EnterSolar’s history of C&I project development. Solar developer EDF Renewables North America (EDF) announced yesterday that it has acquired a 50% stake in commercial solar installer EnterSolar. The acquisition will expand EDF’s presence in the commercial and industrial sector, as well as giving the company an increased presence in the New York solar market, an area where EnterSolar is strong. As part of the terms of the deal, EDF will provide EnterSolar with growth capital and project financing capabilities. Both companies have emphasized the opportunities present in the deal, citing the ever-growing demand for distributed generation projects among both commercial and industrial customers.