EDF Renewables Announces Acquisition of SAS Energy

Source Company Press Release
Company Electricite de France S.A.
Tags Country: United Kingdom, M&A: Corporate Deal, Deals, Renewables: Renewables News, Segment: Power
Date September 19, 2023

EDF Renewables UK and Ireland has acquired SAS Energy, specialists in providing solar technology for use in the commercial and industrial (C&I) sectors. The move will strengthen EDF Renewables UK’s current position within the industry, helping even more businesses to become sustainable.

From 15 September, SAS Energy became a wholly owned subsidiary of EDF Renewables UK, bringing with it a team of 30 solar experts and a portfolio including more than 45 projects in development and construction.

The two organisations already have an existing relationship, including the recent completion of an installation of rooftop mounted solar PV at Safran’s Pitstone manufacturing facility. SAS Energy acted as the main contractor on the project which saw more than 2,100 roof mounted panels fitted, with an average of 47% of daytime electricity usage expected to be covered between May-September at the Pitstone site.

Matthieu Hue, CEO of EDF Renewables UK, said: “Our mission is to create a future where clean energy powers all parts of our lives so we are delighted to have the team at SAS Energy join our Commercial and Industrial Renewables team to support the ever-increasing number of businesses that are looking to decarbonise their operations.

“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. This is part of the range of investments EDF Renewables UK is making to help British businesses and households cut their carbon emissions and energy bills.”

EDF Renewables UK already has a strong C&I renewables business with more than 45MW of solar projects currently in construction and development. The acquisition will help expand the in-house offering to include both Financed and Capital funded projects across solar, electric vehicle (EV) charging and battery storage for commercial clients.

Rachael Kyle, Head of the C&I Renewables Team at EDF Renewables UK, said: “We are looking forward to working with the SAS Energy team and EDF Business Solutions to expand our offering and reach a larger proportion of the UK Commercial and Industrial market; with enhanced delivery making onsite renewables projects more cost effective and accessible for our customers.”

Nick Porter, Managing Director of SAS Energy, said: “From the start, our purpose was to help businesses play their part in the fight against climate change by taking advantage of the benefits offered by solar. From our existing relationship with EDF Renewables UK, it is clear that they share this vision so we’re incredibly excited to join such a well-established leader in renewables.”

Matt Nunn, Director of EDF Business Solutions, added: “Our increased in-house capability with SAS Energy will enable us to deliver on-site solar projects more efficiently, to a wider range of business customers. We are excited to be able to help more customers on their journey to Net Zero, through solar energy.”

With the acquisition complete, EDF Renewables UK is now focused on ensuring that there is a smooth transition while maintaining pace on existing projects.

Source: EvaluateEnergy® ©2024 EvaluateEnergy Ltd