Schneider Electric buys US green energy advisory firm

Global energy management firm Schneider Electric has snapped up a US renewable energy advisory company. Renewable Choice Energy will join the Energy and Sustainability Services business within Schneider, which aims […]

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By Priyanka Shrestha

Global energy management firm Schneider Electric has snapped up a US renewable energy advisory company.

Renewable Choice Energy will join the Energy and Sustainability Services business within Schneider, which aims to boost its clean energy advisory services for power purchase agreements.

Renewable Choice, which helps businesses with their clean energy purchasing options, is said to have added more than 1GW of new wind and solar capacity to the global grid.

Since 2011, the two companies have advised clients on the purchase of more than 2GW of renewable energy.

Steve White, 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 diversity their overall energy strategy, while providing critical sustainability and risk mitigation benefits via clean energy solutions.”