Schneider Electric SE (Rueil-Malmaison, France; www.schneider-electric.com) announced the acquisition of Renewable Choice Energy, a leader in helping commercial, industrial and institutional clients navigate their clean energy purchasing options.
Schneider Electric’s acquisition further enhances its existing position in the rapidly growing renewables market. It bolsters Schneider Electric’s advisory services for power purchase agreements (PPAs), in which clients procure clean energy directly from large-scale renewable energy projects, and will aid clients in implementation of other innovative clean technology solutions.
Renewable Choice has been a pioneer in the industry, connecting organizations to renewable-energy and carbon-reducing technologies since 2001.
Working with over 30% of the Fortune 500, Renewable Choice’s clients have added over 1,000 megawatts of new wind and solar capacity to the global grid.
The company has been repeatedly recognized for its market leadership by the Department of Energy, the Environmental Protection Agency, and the Sustainable Purchasing Leadership Council, among others.
“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,” said Steve Wilhite, Senior Vice President of Energy and Sustainability Services, Schneider Electric.