Renewable energy producer Voltalia has acquired 379MW wind projects portfolio in France from Maïa Eolis.
Maïa Eolis is a joint venture between Groupe Maïa, which holds 51% stake in the company, and Engie, which holds the remaining 49%stake.
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As per the agreement, Voltalia has secured land rights on projects currently in the study phase, and both the companies will work together to build relationship and continue their efforts with local partners, especially local authorities and land owners for the projects.
The acquisition has reportedly added value to Voltalia’s global pipeline of projects in development and has helped the company rebalance its geographic footprint.
Voltalia said that the acquisition is in line with the company’s multi-country, multi-energy strategy.
Voltalia said in a statement: "As of June 30, 2015, French projects in development accounted for 12% of the company’s global pipeline (1,430 MW).
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By GlobalData"Taking this purchase into account, this share reaches 22%. Besides, the projects are located in attractive areas, complementary to the ones so far developed by Voltalia in France."
Voltalia highlighted that it has a total installed power generation capacity of 271MW which include wind, solar, hydro and biomass projects.
