EDF Renewable Energy (EDF RE), the North American subsidiary of the French renewable energy Group EDF Energies Nouvelles, has acquired Global Resource Options (groSolar).
Under the terms of the agreement, the company will acquire the independent business unit that serves as a key provider of development and turnkey engineering, procurement, and construction (EPC) of solar photovoltaic (PV) projects in the US.
Founded in 1998, groSolar focuses on distributed generation solar business for corporate customers and has designed, built, procured equipment and installed more than 150MW (2,000 installations) of solar PV systems across the region since its inception.
Subject to customary conditions, the transaction is expected to be closed in the near future.
EDF RE CEO and president Tristan Grimbert said: “We are very pleased to welcome groSolar to the EDF RE family. The company brings to EDF RE the ability to offer competitively priced distributed generation solar solutions to the growing Municipal, University, School and Hospital (MUSH), corporate, and utility customer base.
“The addition of an established and successful distributed generation business line contributes to our long-term growth plan to diversify the customer base and augments a comprehensive range of energy services that the EDF group offers to its customers worldwide.”
EDF Renewable Services provides operations and maintenance services to more than 8GW of renewable energy projects across North America.
