Voltalia acquires 379MW wind energy portfolio in France

23 July 2015 (Last Updated July 23rd, 2015 18:30)

French green energy firm Voltalia has purchased a portfolio of wind projects from Maia Eolis totalling a potential power generation capacity of 379MW.

French green energy firm Voltalia has purchased a portfolio of wind projects from Maia Eolis totalling a potential power generation capacity of 379MW.

Maïa Eolis is a joint entity formed by Groupe Maïa (51%) and Engie (49%).

The agreement signed between Voltalia and Maïa Eolis also includes land rights for projects that are currently in the study phase.

The two firms intend to co-ordinate in order to maintain relationships with local partners, including authorities and land owners, for the power developments.

"We anticipate enhanced ambitions for the accelerated development of renewable energy in France by 2030."

Construction work for the first of the acquired projects is likely to start within the next two years. Financial details about the transaction have not been disclosed.

Voltalia CEO Sébastien Clerc said: "With the COP21 conference in Paris in a few months, we anticipate enhanced ambitions for the accelerated development of renewable energy in France by 2030, while the country currently lags behind its existing 2020 targets.

"Renewable energies will therefore keep on growing in France."

The deal raises the company’s power portfolio to almost 1,600MW worldwide, which has 22% located in France itself.

In addition to wind, Voltalia also operates across solar, hydro and biomass power sectors and has existing assets in France, Brazil, Greece, French Guiana, and Morocco.

Presently, the total installed capacity of the company is 271MW.