September 21 (Renewables Now) - EDF Renewables UK and Ireland has acquired British solar installer SAS Energy in a deal aimed at strengthening its foothold in the commercial and industrial (C&I) sectors.
The unit of French electric utility EDF said on Tuesday that SAS Energy will be run as a wholly owned subsidiary, along with its team of 30 solar experts. The purchase, the value of which was kept under wraps, will enable the company to expand its in-house offerings to include financed and capital-funded projects across the solar, electric vehicle and battery storage sectors for commercial clients.
Edenbridge, Kent-based SAS Energy owns a portfolio of over 45 projects currently in development and under construction. The schemes will add to the 45 MW of photovoltaic (PV) schemes that EDF Renewables UK is working on through its C&I renewables business.
“The acquisition of SAS Energy will allow us to accelerate our growth and build on an already healthy pipeline of projects by benefitting from their experience of successfully installing renewables for commercial clients over many years,” said Matthieu Hue, CEO of EDF Renewables UK.
EDF Renewables has already partnered with SAS Energy in several projects, the most recent one was a 2,100-panel rooftop installation at a manufacturing facility owned by Safran Electrical & Power UK in Pitstone, England.