Schneider Electric acquires Renewable Choice Energy
Global specialist in energy management and automation, Schneider Electric, has announced its acquisition of Renewable Choice Energy, which helps commercial, industrial, and institutional clients navigate clean energy options.
Schneider is already one of the world’s most sustainable companies, and this partnership will enhance that position further. It will also bolster its advisory services for power purchase agreements – PPAs – in which clients procure clean energy from large-scale renewable energy projects.
Renewable Choice has pioneered the connecting of organisations to renewable energy and carbon-reducing technologies since 2001. The company has worked with over 160 of the Fortune 500, and its pool of clients has added over 1,000 megawatts of wind and solar capacity to the global grid.
Steve Wilhite, Senior Vice President of Energy and Sustainability Services at Schneider Electric, said: “As clean energy reaches price parity with traditional energy, companies are taking aggressive steps to integrate renewables. We are seeing tremendous demand from clients to source a mix of green energy at a competitive rate. Together, Schneider and Renewable Choice are the clear industry leader for clients looking to diversify their overall energy strategy, while providing critical sustainability and risk mitigation benefits via clean energy solutions.”
Peter Dignan, CEO of Renewable Choice, added: “We are pleased to become an integral part of Schneider Electric’s Energy & Sustainability Services team, which dramatically increases our global reach, and diversifies the ways in which we can help our clients. We will continue to work with clients to buy clean energy more strategically, and with Schneider Electric’s additional capabilities, we can also help clients use that energy more efficiently, and become more sustainable anywhere around the globe.”
Read the January 2017 issue of Energy Digital magazine
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