Australia's CBD to expand renewable businesses to US

Australia-based CBD Energy will launch its portfolio of renewable energy businesses in the US during the Solar Power International conference in Orlando.

The company earlier announced a proposed merger with Westinghouse Solar.

Gerry McGowan, CBD Energy managing director and CEO, said the company's pending merger with Westinghouse Solar offers an ideal platform for its renewable energy business expansion into the US market.

"In addition to building upon Westinghouse Solar's business in the US, CBD Energy plans for US operations built around its core strengths in design, engineering, procurement and construction (EPC) of commercial solar projects; energy efficiency and storage technologies; and energy services," McGowan added.

The firm plans to focus on in assisting customers with financing and EPC of solar projects in the country.

In addition, the company intends to offer service providers and utilities a solar option to add to their portfolios.

Margaret Randazzo, Westinghouse Solar chief executive, said: "Expanding the CBD Energy portfolio into the US diversifies our combined business, providing incremental earnings and enabling our continued innovation and expansion."