EDF Renewable Energy today announced the acquisition of Global Resource Options, Inc. (dba: groSolar), a privately owned company, which provides development and turnkey engineering, procurement, and construction (EPC) of solar photovoltaic (PV) projects for developers, financiers, utilities, corporate, government, and other institutional clients.

The acquisition brings to EDF RE an autonomous business unit with a precise focus on distributed generation solar business to meet the growing demands of corporate customers seeking cost-effective renewable energy sources, EDF 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,” stated Tristan Grimbert, CEO and President of EDF RE. “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.”

Closing is subject to customary conditions precedent.

Tags:
EDF Renewable Energy   M&A  

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