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Schneider Electric Acquires Renewable Choice Energy

Schneider Electric Acquires Renewable Choice Energy

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Author: Pete Dignan, President and CEO at Renewable Choice

We have some exciting news.

We’re pleased to announce that Renewable Choice Energy has been acquired by Schneider Electric, the global specialist in energy management and automation, and a leader in energy and sustainability services.

The acquisition is advantageous for both of our companies and our clients. For over 15 years, we’ve been driven by the desire to provide customers with a choice in the type of electricity they use. As one of the most sustainable companies in the world, Schneider was a logical choice for a partner that would allow us to more rapidly advance our vision of a low-carbon economy and our mission to make it ever easier for all organizations to use clean, renewable energy.

Renewable Choice will join the Energy and Sustainability Services business within Schneider, whose experts are focused on helping clients to build a more reliable, cost-effective, and sustainable energy strategy, wherever they do business around the globe. Together, we will further enhance Schneider’s existing position in the rapidly growing commercial & industrial (C&I) renewables market, bolstering our ability to provide advisory services for power purchase agreements (PPAs), and aiding clients in implementation of other innovative clean tech solutions.

Our combined team will have a depth of market experience that is unparalleled. For example:

Since 2011, the Renewable Choice-Schneider Electric team has advised clients on the purchase of more than 2 GW of renewable energy. Together, we effectively double our market reach on behalf of our clients.
Renewable Choice’s existing expertise and brand recognition complements activities that Schneider was already pursuing in the renewables space and beyond.
Together, we will provide clients with unequaled access to an array of services ranging from energy & sustainability strategy to post-PPA data management and financial reporting to support environmental and economic goals.
Renewable Choice will continue to work with clients to buy clean energy more strategically, and with Schneider’s additional capabilities, we can also help clients use that energy more efficiently, and become more sustainable in how they use many other resources, anywhere in the world. We expect both Schneider and Renewable Choice clients to benefit from our partnership.

As we forge our new relationship with Schneider Electric in the coming weeks, we look forward to sharing more about our journey with you. For more information or questions, please do not hesitate to get in contact with our team.

Source:renewablechoice
Anand Gupta Editor - EQ Int'l Media Network

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