CBD Energy, a global renewable energy company, has announced plans to bring its renewable energy businesses to the U.S. The company, which recently proposed a merger with Westinghouse Solar, will debut its technologies and services during the upcoming Solar Power International conference in Orlando, Fla., at booth 3501.
“CBD Energy’s pending merger with Westinghouse Solar offers an ideal platform for the expansion of our renewable energy business into the world’s largest market,” says Gerry McGowan, managing director and CEO of CBD Energy. “In addition to building upon Westinghouse Solar’s business in the U.S., CBD Energy plans for U.S. operations built around its core strengths in design, engineering, procurement and construction of commercial solar projects; energy efficiency and storage technologies; and energy services.”
The company says it will focus on assisting customers with EPC and financing of solar projects in the U.S., an area in which it has significant expertise and sees abundant opportunity in the U.S. market.
With energy deregulation, the company also sees the U.S. market as primed for growth in the area of energy services, where it plans to offer utilities and service providers a solar option to add to their service portfolios.
In addition, CBD Energy says it has a range of energy efficiency, capacitor, storage and remote area storage technologies that address various energy management challenges — an area often noted as “the missing link” in renewable technology.
“CBD Energy sees tremendous opportunity in the solar market in the U.S., particularly with their EPC expertise combined with Westinghouse Solar’s success in driving down installed system cost by innovating the design and ease of installation of solar panels,” says Margaret Randazzo, CEO of Westinghouse Solar. “Expanding the CBD Energy portfolio into the U.S. diversifies our combined business, providing incremental earnings and enabling our continued innovation and expansion.”
Since announcing the merger, CBD Energy and Westinghouse Solar say they have already demonstrated significant synergies and collaboration, including partnering on an EPC contract to build a 1.4-MW solar project in New Jersey; a joint venture to build 30 MW of EPC commercial projects in Italy; and a joint agreement to begin distributing 5 MW of Westinghouse Solar Instant Connect Solar Power Systems to Harvey Norman’s Commercial Division, Australia’s largest electrical and home improvement retailer.
The companies will be jointly attending and presenting at Solar Power International (Booth # 3501) from September 10 to 13 in Orlando. Representatives will be on hand to discuss residential, commercial, and utility scale technologies and projects.