SunEdison, based in Beltsville, Md., has acquired Island Energy Solutions Inc. of Kailua, Hawaii. Terms of the agreement were not released.
Island Energy is a seven-year-old electrical contracting firm that works exclusively in Hawaii. It specializes in the installation of solar electric systems. It employs 14 people and is privately owned. Keith Cronin, Island Energy's president, will now be the head of the newly-named SunEdison Hawaii.
In a press release, SunEdison's chief executive officer Jigar Shah said the company considered the Aloha State to be an important market for the growth of the solar industry. ‘Hawaii is an important market for SunEdison, as the state most likely to reach grid parity first,’ says Shah.