The company’s areas of focus will be to provide EPC and financing services to solar projects in addition to offering its portfolio of capacitor, storage and remote area storage technologies.
CBD Energy has recently proposed a merger with the US-based solar power systems manufacturer Westinghouse Solar. The proposal is still pending.
CBD Energy managing director and CEO Gerry McGowan said that the pending merger with Westinghouse Solar will help the company expand its renewable energy business in the US.
"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 (EPC) of commercial solar projects; energy efficiency and storage technologies; and energy services.
"CBD Energy’s merger with Westinghouse Solar and the launch of our renewable energy divisions in the U.S. aligns with our strategy to create a more highly diversified business and to accelerate our access to growth opportunities in renewable energy," he added.
Westinghouse Solar CEO Margaret Randazzo said, "Expanding the CBD Energy portfolio into the U.S. diversifies our combined business, providing incremental earnings and enabling our continued innovation and expansion."
The two companies are currently partnering on an EPC contract to build a 1.4MW solar project in New Jersey.
