The synergy-driven acquisition of the renewable energy solutions provider increases BayWa r.e.’s solar and wind projects in the Americas to more than 5 GW. Enable Energy Inc. (EEI) has built more than 76 MW of rooftop and ground-mount solar projects since its founding in 2014. Additionally, the company has completed energy storage installations of over 70 MWh in 2019 alone.
“Enable Energy is one of the fastest-growing solar and energy storage solutions providers in the U.S., with a significant installation base, healthy project pipeline and expanding O&M business,” said Axel Veeser, Managing Director, BayWa r.e. USA LLC. “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.”
EEI’s expertise in energy storage solutions, on commercial as well as utility-scale level, increases BayWa r.e.’s portfolio for its global client base while the acquisition offers EEI an expansion of geographic reach. First, the company will go on to operate under its own name but will eventually be rebranded as a BayWa r.e. company.
Source & Image: BayWa r.e. |
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