ENGIE acquires stake in French solar power provider Solairedirect

Source:ENGIE

ENGIE acquires stake in French solar power provider Solairedirect

ENGIE has just acquired a 95% stake in Solairedirect with 100% voting rights in Solairedirect, a global leader of competitive solar. The merger between the two businesses allows ENGIE to bolster its position in the solar sector and makes it the market leader in France with a total gross installed capacity of 383 MW . This will also strengthen its global position, as Solairedirect is present in more than 15 countries, of which are already sites of ENGIE activities.

Announcing the acquisition, Gérard Mestrallet, ENGIE’s Chairman and CEO, stated: “We are very proud to be able to announce our cooperation with Solairedirect, a French company with an international reach. This is a crucial step forward in the implementation of our solar strategy. ENGIE has been committed to renewable energies for several years now. We already lead the French wind power market, and this deal makes us the country’s number 1 in solar power too. We intend to strengthen these positions around the world. By pooling the expertise of Solairedirect and ENGIE staff, we will be able to speed up our development in renewable energies, in line with our strategy to spearhead Europe’s energy transition and become the benchmark energy supplier on high-growth markets.”

Announcing the acquisition, Gérard Mestrallet, ENGIE’s Chairman and CEO, stated: “We are very proud to be able to announce our cooperation with Solairedirect, a French company with an international reach. This is a crucial step forward in the implementation of our solar strategy. ENGIE has been committed to renewable energies for several years now. We already lead the French wind power market, and this deal makes us the country’s number 1 in solar power too. We intend to strengthen these positions around the world. By pooling the expertise of Solairedirect and ENGIE staff, we will be able to speed up our development in renewable energies, in line with our strategy to spearhead Europe’s energy transition and become the benchmark energy supplier on high-growth markets.”

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