EDF RS did not release terms of the transaction or name owners of the 206 projects, which range from 36kW up to 25MW.
The service continuity agreements were negotiated and implemented to ensure seamless operations while EDF RS works with incumbent service providers and project owners during a transition period.
“This transaction demonstrates EDF RS’s ability to provide security and continuity to renewable energy asset owners in a time of extreme financial unrest within the industry,” said Larry Barr, executive vice president of EDF RS.
“We are using our well-established and industry leading O&M and Asset Management resources to provide the owners of these projects with a thoughtful transition away from their prior service providers to a long-term partnership driven to maximize profitability,” he added.
This solar portfolio transaction solidifies the company’s presence in the distributed generation market. In April, EDF acquired groSolar, which provides PV development and turnkey engineering, procurement, and construction (EPC) for that sector.
