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March 14, 2016

Engie acquires remaining stake in French windfarm developer Maïa Eolis

Engie has acquired the remaining 51% stake it does not own in Maïa Eolis, a firm that develops, constructs and maintains windfarms in France.

Engie

Engie has acquired the remaining 51% stake it does not own in Maïa Eolis, a firm that develops, constructs and maintains windfarms in France.

With this acquisition, Engie has bolstered its position as a leading player in windpower sector, with 1,533MW of installed capacity.

Founded in 2006 by Christophe Gruy, Maïa Eolis is a subsidiary Maïa Group.

"We intend to augment the development of projects already undertaken by Maïa Eolis teams."

Maïa Eolis presently operates 21 windfarms in Nord-Pas-de-Calais-Picardie and the Alsace-Champagne-Ardenne-Lorraine regions with a total capacity of 246MW.

Maïa Eolis also holds a portfolio of 250MW that are either under construction stage or with construction permits in addition to more than 400MW additional development potential.

Engie chairman and CEO Gérard Mestrallet said: "Maïa Eolis, which we now control 100%, is a recognised player in windfarm for operation and maintenance.

"Its expertise will strengthen the Group’s operational excellence in this field.

"In the context of the sector’s strong growth between now and 2020, we intend to augment the development of projects already undertaken by Maïa Eolis teams."


Image: With this acquisition, Engie has bolstered its position as a leading player in wind power sector. Photo: courtesy of Engie.

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