Announced
Completed
Financials
Tags
Renewable Energy Equipment
Acquisition
Friendly
Majority
Private
Completed
energy storage project
Cross Border
Single Bidder
United States
Synopsis
BayWa, a global renewable energy developer, service provider and distributor, completed the acquisition of Enable Energy, a US-based commercial and industrial solar and energy storage solutions provider with extensive skills in engineering, procurement and construction and operations and maintenance support. Financial terms were not disclosed. "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. 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," Axel Veeser, BayWa Managing Director.
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