The Soligent photovoltaic distributor will be acquired by City Electric Supply – pv magazine USA

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Subject to regulatory approval, the Electricity Wholesale Distributor will purchase the PV Equipment Distributor.

City Electric Supply (CES) is preparing to acquire the distributor of photovoltaic equipment Soligent. The company will become a subsidiary of CES, assuming leadership of CES’s renewable energy division.

Soligent distributes a variety of models of solar panels, inverters, energy storage solutions, shelving, charge controllers and monitoring equipment. It offers products from SolarEdge, Enphase, Canadian Solar, Trina, Hanwha and more across the United States

The transaction follows CES’s acquisition of Segen, a wholesale distributor of residential and commercial rooftop photovoltaic systems with operations in the UK, Germany and South Africa.

CES and Soligent said their combined strengths will further support the 50% growth rates of companies.

High growth rates in solar distribution may continue as the U.S. Department of Energy (DOE) aims to grow solar power from 3% of all production today to over 40% by 2035. The DOE said this level of deployment would result in a three to four times increase in current deployment rates.

Such an investment in solar power could result in as many as 500,000 to 1,500,000 solar industry workers by 2035, the DOE said, multiplying the current workforce to 231,000. Notably, the industry peaked in 2016 to 260,000 jobs, but rising labor productivity and the COVID-19 pandemic have slowed the number of jobs in recent years.

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