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EDF Renewable Energy Acquires OwnEnergy

SAN DIEGO & BROOKLYN, N.Y.--(BUSINESS WIRE)--EDF Renewable Energy (EDF RE) today announced that it has closed the acquisition of OwnEnergy, Inc. (OwnEnergy) – a national developer of mid-sized wind projects. The transaction encompasses 100% of OwnEnergy’s assets, including its pipeline of future wind projects.

Since its founding in 2007, OwnEnergy has demonstrated its acumen to build partnerships with individuals, companies and communities with one simple goal: to create a platform for local clean energy entrepreneurs to lead the development of renewable energy projects. Today, the 20-person team boasts a successful development track record with eight wind projects either in a construction or operating phase. These projects represent 329 megawatts (MW) of developed wind energy assets sold to third parties. In addition, the company has built a robust portfolio of development assets through their innovative local partner business model.

“We are thrilled to welcome the OwnEnergy team to the EDF Renewable Energy family. 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,” stated Tristan Grimbert, CEO and President of EDF RE. “OwnEnergy’s...


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