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EDP Renewables Announces Acquisition Closing, Acquiring 85% Stake in C2 Omega

Written by Customer Service on . Posted in Mergers And Acquisitions.

Houston, Texas, March 03, 2021 (GLOBE NEWSWIRE) — EDP Renewables (EDPR), through its fully owned subsidiary EDP Renewables North America LLC (EDPR NA), has closed on its acquisition of a majority interest in C2 Omega LLC, the distributed solar platform of C2 Energy Capital LLC (C2). The platform has an operating capacity of 89 megawatts (MW), with a near-term pipeline of more than 150 MW, across 200 sites in 16 states. The closing follows the initial acquisition announcement made on January 18, 2021, and creates a new business unit named EDPR NA Distributed Generation LLC (EDPR NA DG). “This acquisition closing confirms our commitment to the North American market, where EDPR operates more than 7 gigawatts of renewable energy projects. We are excited to reach this milestone, given C2’s impressive track record, strong management team, and long-standing commercial, industrial and community relationships across the United States,” stated Miguel Prado, CEO of EDPR NA & EDPR NA DG.“We’re delighted to increase EDPR’s footprint across the US through EDPR NA DG, and to continue to bring innovative renewable energy solutions to a growing number of new entrants to the market,” stated Candice Michalowicz, incoming Chief Operating Officer, EDPR NA DG. “By providing a comprehensive customer offering ranging from virtual power purchase agreements to rooftop solar installations, our expanded suite of services and solutions will now cover the entire distributed generation market.”About EDP Renewables North AmericaTom Weirich
EDPR NA Distributed Generation
(202) 509-6435
tweirich@c2.energy

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