Technique Solaire says it is acquiring 100% of Iberdrola Renouvelables SAS, expanding its French onshore wind and solar portfolio with 118 MW of assets and a development pipeline of 639 MW.
French solar developer Technique Solaire has agreed to acquire 100% of Iberdrola’s onshore wind and solar activities in France.
Iberdrola announced a few months ago that it planned to divest its French wind and solar assets, and Technique Solaire has now signed an agreement to acquire 100% of Iberdrola Renouvelables SAS, the group’s renewable energy subsidiary in France. The companies did not disclose the financial terms of the plan.
The French group will take over the subsidiary’s 24 employees. It will also significantly expand its asset base as the acquisition includes 118 MW of operational wind assets, as well as a pipeline of 639 MW of onshore wind and solar photovoltaic projects being developed in France.
The transaction, which is still subject to regulatory approval, marks Technique Solaire’s first investment in the onshore wind energy sector and strengthens its position in battery storage.
“Thanks to this strategic diversification, we are expanding our expertise, which will increase the resilience of our project portfolio in the face of future changes in electricity market regulations and renewable energy support policies,” the company said, citing the new challenges of the PV sector.
“Entering the wind energy sector is a strategic milestone for Technique Solaire. Following our successes in solar energy and biogas, this acquisition gives us immediate access to 118 MW of operational capacity and a substantial project pipeline. It opens a new chapter in our development,” said Thomas de Moussac, co-founder and Chief Development Officer.
The group, which employs around 300 people, previously operated 750 MW of photovoltaic power plants in France, Spain, India and the Netherlands, along with four biogas production units. The goal is to reach a solar capacity of 4 GW and produce 4,900 Nm³/h of biogas by 2030.
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