One key project is the construction of the 100 MW concentrated solar power plant at Kathu in South Africa.
ENGIE has an 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 (Paris, France), formerly GDF Suez, has just acquired a 95% stake in solar project developer Solairedirect SA (Paris, France) with 100% voting rights in Solairedirect.
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 ENGIE’s global position, as Solairedirect is present in more than 15 countries with sites of ENGIE activities as well.
“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,” comments Gérard Mestrallet, ENGIE’s Chairman and CEO.
“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.”
Thierry Lepercq, CEO at Solairedirect, added: “I’m very pleased with this project to merge with ENGIE, which is a strategic leap forward, placing competitive solar power at the very heart of the plans to become a world leader in the energy sector. The merger will provide Solairedirect with the financial resources and critical size it requires to speed up growth.”