French energy producer Théolia acquires developer Ventura in bid to become major player
1 July 2005
French energy producer Théolia has acquired local developer Ventura as part of its strategy to become France's leading wind energy player. Théolia bought the 80% stake in Ventura held by Germany's troubled Plambeck Neueu Energien AG since 2001, and 19.4% of the shares retained by Ventura's founders. In addition to an experienced development team, Ventura brings Théolia a 7.8 MW wind power plant at Merdelou in southwest France, two projects with siting permission totalling 32 MW in the Aveyron and Somme departments, 258 MW awaiting consent and over 100 MW in development. All this boosts Théolia's own wind portfolio of a 10 MW installation building at Fonds de Fresnes in the Somme department and 9 MW at Séglien in the Morbihan, plus another 200 MW or so in various stages of development. Théolia says it will now concentrate 80% of its resources in wind power, either by constructing and operating its own plant or by acquisition.
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