EDF Renewables has entered into exclusive negotiations to acquire the Luxel Group, an independent solar energy player in France. Armed with its renowned team in the solar energy sector, the Luxel Group has about one gigawatt (1,000 MWp) gross capacity in operation, ready to build or under development.
The purpose of the deal is to accelerate the development of EDF Renewables in photovoltaic energy in France. The EDF Group also wishes to leverage on the additional resources brought by this transaction to execute its Solar Plan that aims at reaching a 30% market share in solar energy in France, between 2020 and 2035.
EDF Renewables, a leading player in renewable energies in France, operates more than 100 onshore solar and wind energy facilities totalling 1.8 GW in gross installed capacity in its home country, and close to 230 MWp gross capacity in solar energy.
Luxel owns solar plants totalling close to 90 MWp gross capacity, operates around 130 MWc, mainly located in the south of France, and has a portfolio of around 900 MWp of projects at various stages of development. Its team of around 40 photovoltaic specialists is split across 6 development offices and its headquarter in Pérols (Hérault department).
A preliminary agreement opening a period of exclusive talks with the shareholders of the Luxel Group has been entered into with the objective to reach a final agreement on the acquisition by EDF Renewables of the entire share capital of the Luxel Group.
Bruno Bensasson, EDF Group’s Senior Executive Vice President in Renewable Energies and Chief Executive Officer of EDF Renewables, commented: “The acquisition of Luxel, a renowned independent specialist in France’s solar energy segment, represents a very good growth opportunity for EDF. Bringing the two companies and their teams together will allow us to accelerate our development in solar energy in the country. This industrial and human project will contribute meeting the objectives laid down in EDF’s Solar Plan and the French multiannual energy programming. It fits with the Cap 2030 strategy, under which EDF aims to double until 50 GW nets, its renewable energy capacity in France and worldwide between 2015 and 2030.”
“We are delighted with the contemplated project of joining forces with EDF Renewables. It would enable to generate a major player in the field of photovoltaic energy , both in France and worldwide”, added Bruno Spinner, President of Luxel.
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About EDF Renewables (previously EDF Energies Nouvelles)
EDF Renewables is a leading international player in renewable energies, with gross installed capacity of 12.7 GW worldwide. Its development is mainly focused on wind and solar photovoltaic power. EDF Renewables operates mostly in Europe and North America but is continuing to grow by moving into promising emerging regions such as Brazil, China, India, South Africa and the Middle East. The company has strong positions in offshore wind power, but also in other areas of the renewable energies industry such as energy storage. EDF Renewables develops, builds, operates and maintains renewable energies projects, both for itself and for third parties. EDF Renewables is the EDF Group subsidiary specialising in developing solar and wind power.
Luxel is an independent producer of renewable energy, which develops, designs, builds and operates ground- and roof-mounted photovoltaic power plants. It builds and manages photovoltaic power plants in France both for its own account and for third parties. During the past four years, Luxel has built and commissioned over 40 projects with installed capacity ranging from 500 kWp to 17 MWp and has managed over the past ten years the engineering and construction of over 500 MWp in capacity in France, French overseas territories and Morocco. Luxel currently operates over 130 MWp in capacity at 70 facilities and has firmly established itself as a leading independent specialist helping to drive France’s energy transition forward.
For more information, please visit www.luxel.fr
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