German renewables company BayWa r.e. on Wednesday announced that it has acquired French wind and solar power developer Enerpole, inheriting its 600-MW project portfolio.
The Carcassone-based Enerpole came with about 300 MW of solar and 300 MW of wind projects and a team of eight employees, which will now join Baywa r.e, the German buyer said.
The firm was founded in 2005 by French wind energy pioneer Jean-Paul Boulze, who promoted one of France’s first wind farms.
Financial details were kept under wraps.
“The acquisition of Enerpole is consistent with BayWa r.e.'s development strategy in France, one of the company’s key markets, which accounts for 20% of its results,” said Can Nalbantoglu, managing director of BayWa r.e. France.
The acquisition will enable Baywa r.e to set up its seventh office in France, in Carcassone, and add more staff.
The German developer has installed and commissioned 315 MW of wind and solar farms in France since arriving in 2005. It is also taking care of technical and commercial management of almost 600 MW.
With the latest purchase, BayWa r.e.’s French project pipeline rose to 2.2 GW under development, divided between 1 GW of wind and 1.2 GW of solar, the company added.
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