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BayWa r.e., one of the leading renewable energy firms with expertise in the onshore wind sector, has reportedly acquired Enable Energy Inc. (EEI) in a bid to strengthen its growth and footprints in the Americas.
With 750 MW of wind and solar projects under development in California, North Carolina, Mexico, and Texas, BayWa r.e. will complete 1 GW of utility-scale installations in the Americas region by 2020 end. The acquisition will push BayWa r. e’s overall pipeline of wind and solar projects to over 5GW in the region.
Sources cite that EEI’s operations capabilities, maintenance support, and national leadership in utility-scale and commercial energy storage solutions, would help BayWa r.e. to enhance its offering. The acquisition would also strengthen the company’s capabilities in catering enterprise C&I clients and utilities with turnkey services.
Speaking on which, Axel Veeser, Managing Director at BayWa r.e. said that EEI is one of the leading solar and energy storage firms in America with a substantial installation base, expanding O&M business, and a healthy project pipeline.
He added that the acquisition would develop multiple collaborative opportunities with the company’s existing businesses and enhance its position in strategic regional as well as vertical markets, like commercial solar-plus-storage.
For the record, EEI is a U.S.-based commercial solar and energy storage solutions provider with expertise in EPC (engineering, procurement, and construction) and O&M (operations and maintenance) support. The company has a comprehensive portfolio of regional clients that includes Fortune 500 companies and Federal government entities, with proven experience in developing several projects in Hawaii, and California, and other locations.
Since its establishment in 2014, the company has developed over 76 MW of ground-mount and rooftop industrial, commercial, and utility solar projects.
As per sources, EEI will continue operations under its own brand name for the time being but eventually be renamed as a BayWa r.e. company.
Source Credit - https://www.baywa-re.com/en/news/details/baywa-re-acquires-enable-energy-inc/
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