Engie buys French firm with 500-MW wind project portfolio

Wind turbine with the Compagnie du Vent, Engie brand.

September 27 (Renewables Now) - French energy group Engie SA (EPA:ENGI) has, through Engie Green, acquired a local firm called Sameole that has close to 500 MW of onshore wind projects under development.

Engie has bought Sameole from the Samfi-Invest Group for an undisclosed sum. The acquired firm has 20 developers divided into four territorial agencies in Caen, Toulouse, Valence and Pace. The team has so far established a project portfolio covering seven regions, mainly in northwestern and southwestern France.

“By combining organic growth with external growth, the share of renewable energies in our energy mix is now close to 70%,” stated Gwenaelle Huet, general manager of Engie France Renewables. The buyer already has 1.9 GW of installed onshore wind capacity in France. The group seeks to develop 3 GW of wind and 2.2 GW of solar by 2021.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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