EDF Renewables announces that it has entered into exclusive negotiations for the acquisition of the Luxel Group, an independent solar player in France. The Luxel Group, with a recognized team in photovoltaics, has nearly a peak gigawatt (1,000 MWp) of gross capacity in operation, ready to build or under development.
This operation aims to enable EDF Renewables to accelerate its ramp-up in photovoltaics in France. Through this acquisition, the EDF Group wishes to provide itself with additional means to implement its Solar Plan, which aims to achieve 30 % market share in solar in France between 2020 and 2035.
EDF Renewables, a leading player in renewable energies in France, operates more than a hundred onshore solar and wind installations totaling 1.8 GW gross installed power in France, including nearly 230 MWp gross solar.
Luxel has a fleet of nearly 90 MWp gross, operates nearly 130 MWp, mainly in the south of France and holds a portfolio of projects at various stages of development of around 900 MWp. The company employs a team of around forty photovoltaic specialists, spread between 6 development agencies and the head office, located in Pérols (Hérault).
A preliminary agreement, which opens a period of exclusive negotiations between the shareholders of the Luxel Group and EDF Renewables, has been concluded with the aim of reaching a final agreement for the acquisition of 100% of the capital of the Luxel group by EDF Renewables.
Bruno Bensasson, Executive Director of the EDF Group in charge of the Renewable Energy Sector and Chairman and CEO of EDF Renewables declared: “The acquisition of Luxel, a recognized and independent solar player in France, represents a great growth opportunity for EDF. The merger of the two companies and their teams will accelerate our development in solar energy in France. It is an industrial and human project, which will contribute to achieving the objectives of the EDF Solar Plan and the Multi-annual Energy Program. It is part of the group's strategy, Cap 2030, which aims to double EDF's renewable capacities between 2015 and 2030 to bring them to 50 GW net. »
“We are pleased with the proposed merger with EDF Renewables which should make it possible to constitute a leading player in the photovoltaic energy sector both in France and internationally. » declares Bruno Spinner, President of LUXEL.
PRESS CONTACTS
Manon of Cassini-Hérail
such. : +33 (0)1 40 90 48 22
e-mail : manon.decassini-herail@edf-en.com
Clarisse Placidoux
tel.: +33 (0)1 40 90 49 46
e-mail : clarisse.placidoux@edf-en.com
About EDF Renewables (formerly EDF energies nouvelles)
EDF Renewables is an international leader in renewable electricity with an installed capacity of 12.7 GW gross worldwide. Its development is mainly focused on wind power and photovoltaic solar power. Mainly present in Europe and North America, EDF Renewables continues its development by taking a position in promising emerging markets such as: Brazil, China, India, South Africa and the Middle East. The Company, which is strongly positioned in the offshore wind sector, is also present in other renewable energy sectors such as energy storage. EDF Renewables ensures the development and construction of renewable energy projects as well as their operation and maintenance, for its own account and on behalf of third parties. EDF Renouvelables is the subsidiary of the EDF group dedicated to the development of solar and wind energy.
For more information : www.edf-renouvelables.com
For more information : www.edf-renouvelables.com
follow us on Linkedin and on Twitter @EDF_RE in French and @EDF_Renewables in English
About LUXEL
LUXEL is an independent producer of renewable electricity, which develops, designs, builds and operates ground-mounted and roof-mounted photovoltaic power plants. The company builds and manages photovoltaic power plants in France for its own account or on behalf of third parties. Over the last four years, LUXEL has commissioned and built more than 40 projects with an installed capacity of 500 kWp to 17MWp and over the last ten years has managed the engineering and construction of more than 500 MWp in France, in overseas territories and Morocco. LUXEL today operates more than 130 MWp on 70 sites and confirms its position as a leading independent player in the energy transition in France.
More information on the site www.luxel.fr
Follow us on LinkedIn: https://www.linkedin.com/company/luxury
