PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: GDF SUEZ | ENGIE

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

ENGIE Becomes the French Leader in the Solar Industry by Acquiring A 95% Stake in Solairedirect - ENGIE has just acquired a 95% stake in Solairedirect with 100% voting rights in Solairedirect, a global leader of competitive solar - Solairedirect.com / ENGIE.com
ENGIE Becomes the French Leader in the Solar Industry by Acquiring A 95% Stake in Solairedirect

 

NewswireToday - /newswire/ - Paris, Ile-de-France, France, 2015/07/01 - ENGIE has just acquired a 95% stake in Solairedirect with 100% voting rights in Solairedirect, a global leader of competitive solar - Solairedirect.com / ENGIE.com. FR0010 208488

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The merger between the two businesses allows ENGIE to bolster its position in the solar sector and makes it the market leader in France with a total gross installed capacity of 383 MW . This will also strengthen its global position, as Solairedirect is present in more than 15 countries, of which are already sites of ENGIE activities.

Announcing the acquisition, Gérard Mestrallet, ENGIE’s Chairman and CEO, stated: “We are very proud to be able to announce our cooperation with Solairedirect, a French company with an international reach. This is a crucial step forward in the implementation of our solar strategy. ENGIE has been committed to renewable energies for several years now. We already lead the French wind power market, and this deal makes us the country’s number 1 in solar power too. We intend to strengthen these positions around the world. By pooling the expertise of Solairedirect and ENGIE staff, we will be able to speed up our development in renewable energies, in line with our strategy to spearhead Europe’s energy transition and become the benchmark energy supplier on high-growth markets.”

Announcing the acquisition, Gérard Mestrallet, ENGIE’s Chairman and CEO, stated: “We are very proud to be able to announce our cooperation with Solairedirect, a French company with an international reach. This is a crucial step forward in the implementation of our solar strategy. ENGIE has been committed to renewable energies for several years now. We already lead the French wind power market, and this deal makes us the country’s number 1 in solar power too. We intend to strengthen these positions around the world. By pooling the expertise of Solairedirect and ENGIE staff, we will be able to speed up our development in renewable energies, in line with our strategy to spearhead Europe’s energy transition and become the benchmark energy supplier on high-growth markets.”
The leader in the French solar sector

Since it was founded in 2006, Solairedirect has been a French pioneer of the competitive solar industry, active in the development, construction, operation, maintenance and investment in utility-scale parks on four continents. Its innovative business model is based on an industrial approach to solar power generation, combined with a focus on cost reduction.

Solairedirect developed 57 farms, generating a total capacity of 486 MW. It operates today a gross capacity of 224 MW in France, with the aim to develop a 125 MW capacity per year.

In France, ENGIE runs 22 ground-based photovoltaic facilities with total installed power of 158,5 MW (end of June 2015). For example, it operates the Curbans plant, located at an altitude of 1,000 meters in the Alpes-de-Haute-Provence region; this facility comprises 105,000 photovoltaic panels and produces enough electricity to meet the annual consumption needs of 10,500 households. ENGIE is leader in the French and Belgian wind power sector, number 1 in Europe for energy from biomass, and number 2 in France for hydropower. This latest deal positions the Group as France’s leading player on the solar energy market.

Bolstering the group’s worldwide positions
Solairedirect was quick to build on its success in France by rolling out a selective international development strategy, favouring countries where the conditions are ripe for making solar energy competitive in comparison with other energy sources, including South Africa, India, Chile, the United States, Mexico and Thailand. The company has a portfolio of projects at the pre-construction phase amounting to more than 4.5 GW in the targeted regions, 434 MW of which are set to be built within the next 6 to 18 months.

ENGIE has installed solar capacity of 201 MW across the world. One key project is the construction of the 100 MW concentrated solar power plant at Kathu in South Africa, and there are other projects at different development stages in Chile totalling more than 600 MW.

ENGIE is a key player in renewable energy both within and beyond Europe. It has leadership positions for renewables with 19 GW of installed capacity, which is 17% of its overall energy-generating capacity, and a further 27 GW under construction or development abroad. In Europe, the Group intends to double its renewable electricity capacities between 2015 and 2025 to reach 16 GW.

About ENGIE
ENGIE (engie.com) develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take on the major challenges of energy’s transition to a low-carbon economy: access to sustainable energy, climate-change mitigation and adaptation, security of supply and the rational use of resources. The Group provides individuals, cities and businesses with highly efficient and innovative solutions largely based on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology. ENGIE employs 152,900 people worldwide and achieved revenues of €74.7 billion in 2014. The Group is listed on the Paris and Brussels stock exchanges (GSZ) and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).

Investor Relations contact: T : +33(0)1 44 22 66 29 - E: ir[.]engie.com.

About Solairedirect
Solairedirect (solairedirect.com) is a pure play solar power company operating across four continents. The Company was founded in 2006 with the mission of making solar power more competitive than other energy sources. Solairedirect has developed a distinctive scalable business model as a pure play solar power company with the aim of creating value all along the value chain from development to construction, services and investment. For the financial year ended 31 March 2015, Solairedirect recorded consolidated revenue of €173 million and net income of €1.4 million.

Press contacts: Stéphanie Elbaz / Marie Frocrain - Havas Paris
T: : +33(0)6 46 05 08 07 / +33(0)6 04 67 49 75
E: stephanie.elbaz[.]havasww.com / marie.frocrain[.]havasww.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: GDF SUEZ | ENGIE

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


ENGIE Becomes the French Leader in the Solar Industry by Acquiring A 95% Stake in Solairedirect

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Solairedirect | ENGIE
Publisher Contact: Press Office - ENGIE.com 
+33(0)1 44 22 24 35 / +32 2 510 76 70 engiepress[.]engie.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any GDF SUEZ | ENGIE securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From GDF SUEZ | ENGIE / Company Profile


Read Energy Most Recent Related Newswires:

GE Renewable Energy to Supply 3 Haliade* Offshore Wind Turbines in China
GE and Noble Corporation to Partner on the Digital Rig℠ Solution, Aiming to Deliver Significant Operational Productivity Gains across the Fleet
GE and Sarawak Energy Sign Multiyear Deal in Malaysia for Tanjung Kidurong Power Station, Bintulu
GE Hitachi Nuclear Energy and Bechtel Form Decommissioning Alliance
GE Equips New 1,320 MW CPHGC Power Plant to Help Pakistan Meet Growing Energy Needs
SolarWinds Empowers IT Professionals with the Ultimate Hybrid IT Performance Management Platform
Invenergy Closes Purchase Agreement for the La Jacinta Solar Farm in Uruguay
ENGIE Acquires EV-Box - The Largest European Electric Vehicle Charging Player
GE Renewable Energy to Showcase Expertise in Hydropower At Africa 2017 In Marrakesh, Morocco
GE Awarded Contract for First HA Gas Turbine in China
GE Power Signs Multiyear Agreement and First Cybersecurity Solution in Latin America
GE Hitachi Nuclear Energy and ARC Nuclear Announce Cooperation to Accelerate Commercialization of Advanced Small Modular Reactor
Shermco Industries Receives Gold Safety Recognition from the American Wind Energy Association
GE’s Fuel-Flexible Power Plant Brings Vital Energy Boost to Ghana
ENGIE Wins Nearly 78 MW of Photovoltaic Projects in France

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  NAKIVO, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)