Global renewable energy developer, service provider and supplier BayWa r.e. has acquired Enable Energy Inc. (EEI), a U.S.-based commercial and industrial (C&I) solar and energy storage solutions supplier with extensive skills in engineering, procurement and construction (EPC) and operations and maintenance (O&M) support.
The purchase represents the latest move in BayWa r.e.’s growth and growth strategy in the Americas. The addition of EEI’s pipeline will induce BayWa r.e.’s total pipeline of solar and wind jobs to more than 5 GW in the region.
BayWa r.e. sees multiple synergies resulting from the acquisition of EEI, specifically those resulting from its capacities in serving enterprise C&I clients and utilities with turnkey services. EEI’s full scale operations and maintenance assistance, as well as its domestic leadership in commercial and utility-scale energy storage solutions, additionally improve BayWa r.e.’s offering to its own global key accounts.
“Empower Energy is among those fastest-growing solar and solar energy storage solutions suppliers from the U.S., with a substantial installation base, wholesome project pipeline and expanding O&M company, the addition of EEI into the BayWa r.e. Americas family will create multiple collaborative opportunities with our present businesses and increase our position in regional and vertical markets, such as commercial solar-plus-storage.”
Axel Veeser, Managing Director, BayWa r.e. USA LLC.
EEI has worked together with local and regional businesses, Fortune 500 companies and Federal government entities on a variety of projects in California, Hawaii and other locations to build over 76 MW of both rooftop and ground-mount commercial, industrial, and utility solar projects since the company was founded in 2014.
“By combining our US C&I focus and extensive experience with BayWa r.e., we’ll have the ability to execute on a significantly expanding project pipeline and leverage the strength of our new parent company’s assets and global brand. We anticipate expanding our geographical reach, developing our relationships with strategic customers, strengthening our O&M supplying, and working together with BayWa r.e.’s already remarkable team to support their global customer base with centers at the U.S.”
Brad Ferrell, CEO of Enable Energy.
EEI will function under its own title for the time being and finally be rebranded as a BayWa r.e. business.
