CBD Energy expanding into U.S. solar market

Australia-based CBD Energy Ltd., a global renewable energy company, announced its plans to launch its portfolio of renewable energy businesses in the U.S. market. The company recently announced a proposed merger with Westinghouse Solar Inc. (NASDAQ: WEST).

A key focus of the company will be in assisting customers with engineering, procurement and construction (EPC) and financing of solar projects in the U.S. CBD also plans to offer utilities and service providers a solar option to add to their service portfolios.

With energy deregulation, CBD Energy also sees the U.S. market as primed for growth in the area of energy services, where it plans to offer utilities and service providers a solar option to add to their service portfolios.

Since announcing the merger, CBD Energy and Westinghouse Solar have partnered on an EPC contract to build a 1.4 MW solar project in New Jersey; a joint venture to build 30 MW of EPC commercial projects in Italy; and a joint agreement to begin distributing 5 MW of Westinghouse Solar Instant Connect Solar Power Systems to Harvey Norman's Commercial Division, one of Australia's largest electrical and home improvement retailer.

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