While EDP Renewables has been a major player in the wind space since 2007, the company has recently begun making moves to expand its footprint, particularly in solar. Its recent acquisition of an 85 percent stake in C2 Omega's Distributed Solar platform continues the expansion narrative.

If you look at industry trends like the rapidly declining cost of storage and the prevalence of solar+storage model, we really see an opportunity there not only for standalone storage but for adding storage to our existing solar arrays.