Speaking to Recharge the day after the acquisition was announced, Grimbert and OwnEnergy chief executive Jacob Susman explained the rationale behind the deal, and what it means for EDF RE going forward.

Years ago, EDF RE was heavily involved in early-stage project development in the US.

But over the past half-decade, as the US wind industry matured and the number of active developers multiplied, the San Diego-based company shifted its focus to activities where it felt its heft would be most advantageous – including later-stage development, construction, and operation.

EDF