EDF Renewable Energy Acquires OWNEnergy
North American EDF Renewable Energy announced Tuesday that it has completed the acquisition of OwnEnergy.
EDF Renewable Energy is one of the largest developers of renewable energy in North America, currently with 6 GW worth of wind, solar, biomass, biogas, and solar storage projects developed and a total installed capacity of 3.2 GW. OwnEnergy is a developer of mid-sized wind projects in the US, and has developed or is developing a total of eight wind projects, representing 329 MW.
The acquisition includes 100% of OwnEnergy assets, including its pipeline of future projects, as well as the 20-person team.
“We are thrilled to welcome the OwnEnergy team to the EDF Renewable Energy family,” said Tristan Grimbert, CEO and President of EDF Renewable Energy. “We worked collaboratively during the due diligence to ensure that our respective cultures and customer oriented focus would fully align. Today, I am happy to make this announcement with the utmost confidence in our future success.”