Deals
Engie-Led Consortium to Buy Spanish Renewables Firm Eolia
- Eolia operates 899 megawatts of wind and solar capacity
- French utility wants to accelerate growth in clean energy
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A consortium led by French utility Engie SA agreed to buy Eolia Renovables de Inversiones SCR SA, a Spanish renewable power producer owned by Alberta Investment Management Corp., for an undisclosed sum.
Eolia develops, builds and operates wind farms and solar photovoltaic plants, with a portfolio of 899 megawatts, according to a statement on Thursday. The acquisition, made jointly with Credit Agricole Assurances, fits Engie’s strategy of expanding faster in renewables, and energy infrastructure such as district heating and electric-car charging networks.