. Military Space News .
SOLAR DAILY
EDF moves deeper into U.S. solar market
by Daniel J. Graeber
London (UPI) Apr 25, 2016


disclaimer: image is for illustration purposes only

A renewable energy division of British energy company EDF said the acquisition of a small-sized solar company in Vermont will help build its U.S. portfolio.

EDF Renewable Energy signed a deal to acquire Global Resource Options, which does business as groSolar, a company specializing in the sale and installation of solar facilities for utility companies and other commercial operators.

"Now integrated into EDF, groSolar will further strengthen the technical skills and expertise of the Group in the United States," EDF President and CEO Jean-Bernard Levy said in a statement.

The move deeper into the U.S. market comes as the solar power sector faces mixed pressures. According to federal data, total electricity generated from solar power in the United States is at the highest it's ever been and output in 2015 was more than 50 percent higher than the previous year.

Faced with a liquidity crisis, solar project developer SunEdison last week filed for Chapter 11 bankruptcy in an effort to "right-size its balance sheet."

Last week, EDF's board of directors said it was trimming its own investments and unveiled plans to cut costs by up to $785 million by 2018, compared with last year.

Concrete terms of the deal for groSolar weren't immediately available.

EDF's president defended the groSolar acquisition as a strategic move in a growing market for the utilities sector. His company, meanwhile, already has supply contracts with major U.S.-based companies like Google.

"This acquisition is a way to further anchor the group's long-term presence in North America, a strategic geographic region for EDF's international development," he said.


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Solar Energy at SolarDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
SOLAR DAILY
Solar-powered plane lands in California after Pacific crossing
Mountain View, United States (AFP) April 24, 2016
Solar Impulse 2, an experimental plane flying around the world without consuming a drop of fuel, has landed in California, one leg closer to completing its trailblazing trip. "The Pacific is done, my friend. I love it, but it's done," said clearly relieved Swiss adventurer Bertrand Piccard, who piloted the craft from Hawaii to California, just before landing late Saturday. "It's great to ... read more


SOLAR DAILY
Planned US Missile Defense Units in Asia-Pacific Threaten China, Russia

Lockheed Martin tests Aegis on Australian destroyer

S. Korea, US open missile shield talks

Israeli Air Force deploying 'David's Sling' missile defense system

SOLAR DAILY
Russian Tornado-S rocket systems delivers powerful blow

Russia successfully fires cruise missile from Iskander missile launcher

Russian Helicopters announces new anti-missile system

France requests GMLRS rocket launchers

SOLAR DAILY
China exported military drones to 10 nations: report

Drone command center set up on U.S. aircraft carrier

XFLY introduces an intelligent flight control navigator

Turkey looks to develop next-gen drone subsystems

SOLAR DAILY
Haigh-Farr showcases Antenna Solutions at DATT Summit

U.S. Army orders radios for Mid-East, African countries

Harris supplies tactical radios to African country

In-orbit delivery of Laos' 1st satellite launched

SOLAR DAILY
Sagem forming Indian JV for AASM Hammer bomb kits

Northrop's new battle command system proves its worth

Orbital ATK making non-U.S. standard ammo for U.S. allies

Britain halts use of 105mm rounds after contamination

SOLAR DAILY
Safran selling Morpho Detection to the Smith Group

Critics dismiss S.African graft probe clearing arms deal

Spain to extradite suspected French arms trafficker

Canada under fire over Saudi arms sale

SOLAR DAILY
Chinese state media name Xi 'commander in chief'

NATO-Russia talks end in 'profound disagreements'

Pentagon expresses 'displeasure' of Russian fighter incidents

Pentagon chief visits warship in South China Sea

SOLAR DAILY
Ultra-long, one-dimensional carbon chains are synthesised for the first time

Rice introduces Teslaphoresis to help assemble Nanotubes

Intracellular recordings using nanotower electrodes

'Honeycomb' of nanotubes could boost genetic engineering









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.