Apr 4 2008
SunEdison, North America's largest solar energy services provider, today announced that on March 7, 2008 it acquired the business of Renewable NRG(TM), a leading solar company in Portland. Renewable NRG is recognized for quality installations and leadership in Oregon’s emerging solar industry. Terms of the deal were not disclosed.
According to Thomas (Tom) Rainwater, CEO of SunEdison, “Oregon citizens are pioneers in protecting the environment and using renewable energy, and Oregon is an important market for the PV industry. We are honored that Renewable NRG has chosen to become a part of our team. Their regional expertise in deploying and servicing photovoltaic systems in Oregon augments the SunEdison experience well.”
Russ Wright, CEO of Renewable NRG, added, “I have long respected the standards and innovation that SunEdison has brought to the solar energy services industry. This is a great fit for Renewable NRG customers and for organizations to deploy clean solar electricity without any upfront costs.”
Mr. Wright will continue developing solar energy services projects on behalf of SunEdison in Portland, serving current Renewable NRG and SunEdison customers. Wright will also continue in his role as treasurer of the Oregon Solar Electric Industry Association.
SunEdison will fulfill existing solar installation contracts and the solar power services agreements of Renewable NRG, which include PV systems for Parr Lumber and the City of Hillsboro.