France

France

Oil giant Total buys French renewables developer

Oil major Total's renewable energy subsidiary has acquired French wind developer Vents d'Oc.

Vents d'Oc has a renewable energy project pipeline of more than 200MW, most of which is wind farms
Vents d'Oc has a renewable energy project pipeline of more than 200MW, most of which is wind farms

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The developer has a renewable energy project pipeline of more than 200MW, most of which is wind capacity, Total stated.

The acquisition was made through Total's clean energy arm Quadran, which now has a wind, solar PV and hydro portfolio of more than 830MW.

In 2017, Total bought a 23% stake in French renewables developer Eren Renewable Energy, with an option to take full control of the company after five years.

Earlier this year, Total Eren announced a deal to acquire Novenergia, a holding company whose principal asset is Generg, which owns more than 430MW of wind farms in Portugal.

Total also owns 74.33% of French utility Direct Energie, which in turn owns renewables developer Quadran.

It will rename Quadran as Total Quadran from 1 September, the company announced.

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