BayWa r.e. Acquires Enable Energy

Global renewable energy developer, service provider and distributor BayWa r.e. recently announced the acquisition of Enable Energy Inc. (EEI), a U.S.-based commercial and industrial (C&I) solar and energy storage solutions provider with skills in energy, procurement and construction (EPC) and operations and maintenance (O&M) support. 

BayWa r.e. currently has 750 megawatts (MW) of solar and wind projects under construction in California, North Carolina, Texas and Mexico and will pass 1 gigawatt (GW) of utility-scale installations in North America by the end of 2020. The addition of EEI's pipeline will push BayWa r.e.'s total pipeline of solar and wind projects to more than 5 GW in the region. 

"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, in the press release. "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."

"By combining our US C&I focus and extensive expertise with BayWa r.e., we will be able to execute on a significantly expanding project pipeline and leverage the strength of our new parent company's resources and global brand," saidBrad Ferrell, CEO of Enable Energy, in the release. "We look forward to expanding our geographic reach, building our relationships with strategic clients, strengthening our O&M offering, and working together with BayWa r.e.'s already impressive team to support their global client base with facilities in the U.S."

For more information, read the original press release from BayWa r.e.