Borrego leads the way in which in utility-scale solar, Rebrands Company
Borrego, developer, EPC and O&M provider for major renewable energy projects in the United States, has unveiled its new brand identity, reorganized corporate structure and strategy that focuses on utility-scale solar and storage options.
"Our refreshed brand reflects a development in our company," says Mike Hall, CEO of Borrego. “We have been with Borrego Solar for 40 years and have been in the commercial market for more than two decades. We're starting this New Year by sharing something that's been going on behind the scenes for a while: we're focusing our expansion plans on the utility segment and continuing to contribute to the major commercial and municipal solar markets. "
Borrego implemented most of the organizational changes in 2020. The three business areas – Development, Engineering, Procurement and Construction (EPC) and Operations and Maintenance (O&M) – have already begun to operate independently and to compete in the market for business the strengths of others if necessary. The development and EPC businesses also set up departments for utility companies last year.
As part of this strategic shift, every company in the company has the goal of operating on a gigawatt scale by 2024. The O&M Group is the first company to reach this milestone. As of November 2020, the team reached 1 GW of managed solar and storage projects, the majority of which was not built by Borrego EPC.
To keep up with the industry trend towards larger projects, Borrego also changed its strategic sales approach in 2020. The company has shifted its focus from behind the scenes to supporting long-term partners from smaller, single-transaction projects. This pool of system owners, independent power generators (IPPs), and utilities can be served in a number of ways across multiple companies to drive growth over time, the company said.
The company's development and EPC business has already booked hundreds of megawatts of large-scale projects, many of which are in the late pipeline or active construction phase. To meet its growth goals, Borrego will actively seek new talent, especially those with care-scale skills. The company hopes to increase its workforce by 25% in 2021.