Neoen To Acquire 100 Of Juwi Enr The French Branch Of Juwi Ag

Neoen To Acquire 100 Of Juwi Enr The French Branch Of Juwi Ag
Neoen And Juwi AG Announce That They Have Signed An Agreement Regarding The Sale Of 100% Of Juwi EnR, The French Branch Of Juwi AG, To Neoen. The Transaction Is Expected To Be Complete In The Coming Weeks.

Categories: Company

juwi EnR is one of the leading independent renewable power players in France, with a broad pipeline of wind and solar projects, as well as a strong activity in construction and in operation & maintenance of renewable energy assets.

Xavier Barbaro, CEO of Neoen, said: "The renewable energy sector in France and in Europe is entering a phase of concentration. Neoen intends to be one of the leading aggregators of projects, assets, and talents: the integration of one of the pioneers of the French renewable market is an important step on that path. This acquisition will significantly strengthen our portfolio of projects, and will also let our subsidiary GenSun become one of the leaders in the field of EPC and O&M contracts for solar parks in France."

Dirk Retzlaff, Managing Director of juwi international GmbH, on behalf of the juwi group, said: "It is a great opportunity for juwi EnR to join Neoen which is one of the most dynamic and ambitious renewable groups in France. This transaction will ensure the success for juwi EnR projects in development, and the continued quality of service for current juwi EnR contracts."

"ABOUT NEOEN:"

"Neoen, an independent energy company, was founded in 2008 on the initiative of Jacques Veyrat. The company is a subsidiary of Impala SAS and other shareholders consist of the Capenergie II fund (managed by Omnes Capital) and Bpifrance. Neoen develops, finances, builds and operates power plants based on renewable energies (solar, wind, biomass). Neoen is active in France, Portugal, Australia, Mexico, Egypt and El Salvador, and seeks to achieve installed power of over 1000 MW by 2017."

ABOUT JUWI AG:


"juwi is one of the world's leading companies in the area of renewable energy with a strong regional presence. The company offers project development and EPC services as well as products and solutions for the energy turnaround. Our vision: 100 per cent renewable energies. Our impetus: Work together with passion to implement renewable energy economically and reliably. juwi is the competent partner for a sustainable energy supply with a regional focus."

"Company activities are mainly projects with solar and wind. juwi has realized around 770 wind turbines with a total capacity of approx. 1,600 megawatts and has designed and constructed 1,500 solar power projects with a total capacity of around 1,400 megawatts. Combined, these energy systems produce around 5.5 billion kilowatt hours of clean energy per year. Within the past 18 years, juwi has initiated an investment volume of around six billion euros to realize these projects."



Reference: green-energy-technologies.blogspot.com