Albioma, a major in the solar power market in Overseas France, strengthened its presence in metropolitan France with the acquisition of Eneco France.
Eneco France, which was established in 2008 and has an innovative positioning in power generation for onsite consumption, develops, builds and operates photovoltaic power plants on rooftops and agricultural buildings, serving a clientele of private and industrial customers in southern France.
The Group owns a photovoltaic fleet with an installed capacity of 17 MW, as well as a strong portfolio of projects under development. Eneco France also operates a 0.5 MW hydropower plant.
This acquisition represents an opportunity for Albioma to enhance its positioning and step up its expansion in the solar power market in metropolitan France, supplementing the Group’s existing 8 MW installed capacity. Albioma intends to develop innovative solar power projects, with a target of generating 80% of its energy from renewable sources by 2023.
Albioma Chief Executive Officer Frédéric Moyne said: “Eneco France and Albioma are recognised players in solar power development, playing an active role in the energy transition to which France has committed.
“The specialist skills of Eneco France’s expert personnel in southern France will enable Albioma to strengthen its position in the region. We are very proud to welcome Eneco France’s staff on board. This strategic deal underscores the importance given to solar power in Albioma’s energy mix.”
Eneco Chief Strategic Growth Officer Kees Jan Rameau said: “We are very pleased with Albioma as a buyer, because of its sustainable profile, reliable track record, and its ability to further strengthen our former activities in Southern France.
“We believe Albioma will offer a good working environment with interesting growth opportunities for our employees, whom we thank for their great efforts over the past years. We wish them and Albioma a great future”.
Source: Company Press Release.