Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

France

France

Engie completes Maia Eolis takeover

FRANCE: Utility Engie (formerly GDF Suez) has taken full control of developer Maia Eolis after acquiring the remaining 51% of the company.

Engie has acquired Maia Eolis' wind portfolio, including 246MW of operating assets
Engie has acquired Maia Eolis' wind portfolio, including 246MW of operating assets

French-based Maia Eolis owns and operates 21 projects, mostly in north-east France, totalling 246MW.

Its pipeline also consists of a possible 250MW of projects under construction or fully permitted, plus 400MW in development, all in France, Engie said.

Engie already owned a 49% stake in Maia Eolis, with the other 51% owned by the Maia Group, a French infrastructure company. Engie has been a partner in the wind developer for ten years, the utility said.

"Maia Eolis, which we now control 100%, is a recognised player in wind for operation and maintenance. Its expertise will strengthen the [Engie] group's operational excellence in this field. In the context of the sector's strong growth between now and 2020, we intend to augment the development of projects already undertaken by Maia Eolus teams," commented Engie CEO Gerard Mestrallet.

In July 2015, Maia Eolis sold 379MW of its French development portfolio to local renewable energy firm Voltalia.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs