EDF Renewable Services (EDF RS) says it recently assumed asset management and operations and maintenance (O&M) services on a portfolio of solar photovoltaic projects totaling 200 MW.
According to the company, the portfolio consists of 206 solar projects spanning across 13 states from New Jersey to Hawaii with an equally diverse range in capacity from 36 kW up to 25 MW.
EDF RS says the asset management and O&M services continuity agreements were negotiated and implemented by the project lessor to ensure seamless operations in the event of an abrupt disruption in the performance of the incumbent service providers. At the conclusion of the transition period, EDF RS will be performing full-scope O&M and asset management services under long-term agreements.
Larry Barr, executive vice president of EDF RS, commented, “This transaction demonstrates EDF RS’ ability to provide security and continuity to renewable energy asset owners in a time of extreme financial unrest within the industry.”
EDF RS says this solar portfolio transaction solidifies the company’s presence in the distributed generation market. In April, groSolar, which provides PV development and turnkey engineering, procurement and construction, joined the EDF RE group as a wholly owned subsidiary. The business unit brings a focus on distributed generation solar business.