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ENGIE Strengthens its Position as France’s Wind Power Leader with the Acquisition of 100% of MAĻA EOLIS - ENGIE acquires the remaining 51% of MAĻA EOLIS, company specialized in the development, construction, operation and maintenance of wind farms in France, bringing its ownership stake to 100%1 - MAIAEOLIS.fr / ENGIE.com
ENGIE Strengthens its Position as France’s Wind Power Leader with the Acquisition of 100% of MAĻA EOLIS

 

NewswireToday - /newswire/ - Paris, Ile-de-France, France, 2016/03/10 - ENGIE acquires the remaining 51% of MAĻA EOLIS, company specialized in the development, construction, operation and maintenance of wind farms in France, bringing its ownership stake to 100%1 - MAIAEOLIS.fr / ENGIE.com. FR0010 208488

   
 
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ENGIE has thus strengthened its position as France’s Nŗ1 in wind power, with 1,533 MW of installed capacity.

MAĻA EOLIS (maiaeolis.fr), a subsidiary of the MAĻA Group, was founded in 2006 by Christophe Gruy and has been a partner of ENGIE for the past ten years. MAĻA EOLIS currently operates 21 wind farms located mainly in the Nord-Pas-de-Calais-Picardie and the Alsace-Champagne-Ardenne-Lorraine regions, producing a total of 246 MW. MAĻA EOLIS also owns a portfolio of 250 MW either under construction or with construction permits, plus more than 400 MW additional development potential. ENGIE’s acquisition of 100% of MAĻA EOLIS will facilitate and speed completion of these projects by leveraging the skills of the company’s 76 employees and the expertise of the ENGIE Group.

Gérard Mestrallet, Chairman and CEO of ENGIE, declared,“This acquisition perfectly illustrates ENGIE’s strategy to be the world energy transition leader. MAĻA EOLIS, which we now control 100%, is a recognized player in wind farm for operation and maintenance. Its expertise will strengthen the Group’s operational excellence in this field. In the context of the sector’s strong growth between now and 2020, we intend to augment the development of projects already undertaken by MAĻA EOLIS teams.”

Christophe Gruy, Chairman of the MAĻA Group, added: “I am particularly pleased to conclude this transaction with our historical partner with which we have built and made MAIA EOLIS grow since the past ten years. The ENGIE offer convinced me both from the industrial as well as the social perspectives. The company’s teams thereby have a tremendous opportunity to continue to develop their activities within an internationally recognized group."

As a leading renewable energy player in Europe and internationally, ENGIE enjoys top-flight positions with 21.5 GW of installed capacity, representing 18% of its worldwide installed power production capacity.

1. Subject to satisfaction of conditions precedent once the transaction is finalized.

About ENGIE

ENGIE 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, 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 154,950 people worldwide and achieved revenues of €69.9 billion in 2015. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, DJSI World, DJSI Europe and Euronext Vigeo (Eurozone 120, Europe 120 and France 20).

Investor Relations contact: T: +33(0)1 4422 6629 - E: ir[.]engie.com.

 
 
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Written by / Agency / Source: GDF SUEZ | ENGIE

 
 

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ENGIE Strengthens its Position as France’s Wind Power Leader with the Acquisition of 100% of MAĻA EOLIS

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ENGIE | MAĻA EOLIS
Publisher Contact: Press Office - ENGIE.com 
+33(0)1 44 22 24 35 / +32 2 510 76 70 engiepress[.]engie.com
 
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