The newly launched Theolia Utilities Investment Company (TUIC) is set to invest in its first wind project in France.

The partnership is a joint initiative between European utility firms IWB Industrielle Werke Basel (IWB), Badenova and France-based Theolia to develop and operate onshore wind farms in Europe.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The company plans to develop onshore wind farms in France, Germany and Italy with a total investment of €300m and a wind capacity of 150-200MW.

Theolia holds a 40% stake and IWB and Badenova each hold a 30% interest in the partnership, which is currently awaiting approval from the German competition authorities.

 

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Power Technology Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Power Technology Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving energy industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now