EDF Grows C&I Presence with SAS Energy Buy
- EDF Renewables UK expands its commercial and industrial presence with the acquisition of SAS Energy, a British solar installer. SAS Energy owns a portfolio of 45 projects in development and under construction, and EDF will now offer financed and capital-funded projects in the solar, electric vehicle, and battery storage sectors.
EDF Renewables UK and Ireland, a unit of French electric utility EDF, has acquired British solar installer SAS Energy to expand its commercial and industrial (C&I) presence. SAS Energy, based in Edenbridge, Kent, owns a portfolio of 45 projects in development and under construction. EDF has partnered with SAS Energy on several projects, most recently a 2,100-panel rooftop installation at a manufacturing facility owned by Safran Electrical & Power UK in Pitstone, England. The value of the deal was not disclosed.
EDF Renewables will benefit from SAS Energy’s experience in installing renewables for commercial clients and will be able to offer financed and capital-funded projects across the solar, electric vehicle and battery storage sectors. The acquisition will enable EDF to accelerate growth and build on an already healthy pipeline of projects. Matthieu Hue, CEO of EDF Renewables UK, said “The acquisition of SAS Energy will allow us to accelerate our growth and build on an already healthy pipeline of projects.”
What Benefits Does EDF Renewables Gain From Acquiring SAS Energy?
- EDF Renewables will benefit from the acquisition of SAS Energy by gaining access to an experienced and knowledgeable team of professionals in the renewable energy space.
- EDF Renewables' acquisition of SAS Energy will provide the company with a strong foothold in the US solar market, helping to increase its presence and market share.
- EDF Renewables will benefit from the access to technology and systems used by SAS Energy to manage large-scale solar projects, allowing the company to expedite the development process.
- EDF Renewables will be able to leverage SAS Energy’s strong portfolio of solar projects, including the Oak Trail project recently completed in North Carolina, to increase their own portfolio.
- Through the acquisition of SAS Energy, EDF Renewables will gain access to new customers and potential partners, allowing them to broaden their base of business and expand their reach.