Europeans buying colonies back one solar racking company at a time

Esdec has acquired EcoFasten Solar, which it says gives it access to a large ecosystem of installers and distributors. The European racking manufacturer launched its US offensive earlier this year.

November 6, 2018 John Fitzgerald Weaver

Esdec Racking

Esdec has acquired EcoFasten Solar, which brings together two highly complementary companies which have deployed a combined 5 GW of residential and commercial rooftop projects.

EcoFasten Solar has installed 3 GW of its rooftop solar mounting systems, and is projected to grow 20% this year, from 400 MW deployed in 2017 to 480 MW. Esdec is the Netherlands’ largest mounting manufacturer with 1.9 GW of its systems installed across Europe.

Esdec’s product is currently 40% sold into the residential market, and 60% sold into the commercial market. EcoFasten’s breakdown is heavily residential – with 95% of its project solar into that market.

Esdec noted that EcoFasten’s R&D focus was a driver of the acquisition, as was access to installers and distributors in the United States. The press release stated that the newly opened Esdec “Innovation Centre” in the Netherlands would be available to the EcoFasten Solar team for design support.

In September, pv magazine sat down with Esdec to learn about their commercial rooftop product. A few of its highlights included being able to use a single tool for the majority of the installation, that many components easily snap together by, and the below “floating foot” that gives designers and installers just a little more flexibility when deploying on uneven, worn surfaces.

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