The Solar’R photo voltaic plant in France
Picture: Solar’R
From pv journal in France
Eiffage, a French development contractor, has revealed that its Eiffage Concessions unit has accomplished the acquisition of a 75% stake in French photo voltaic developer Solar’R. It didn’t disclose the monetary phrases of the deal.
Solar’R founder Antoine Nogier will be a part of the administration group and can retain a share of the corporate’s capital.
“This merger is a superb alternative for the Solar’R group to scale whereas sustaining our agility and the distinctive positioning of our three companies,” stated Nogier.
Solar’R, based in 2007, generates roughly 80% of its turnover from the manufacturing of photo voltaic electrical energy. It already has 100 MW of photovoltaic belongings in operation and about 300 MW underneath growth in France and different international locations. It additionally undertakes agricultural initiatives in partnership with its Solar’Agri unit and gives inexperienced electrical energy by way of its Volterres subsidiary.
“Eiffage Concessions needs to make use of the experience of the administration groups of the Solar’R group to speed up its growth in renewable power within the territory and proceed to vary to satisfy the challenges of the transitions of territory,” stated Cécile Cambier, the director of Eiffage Concessions.
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