EDF Renewables is announcing that it has acquired the LUXEL Group. LUXEL holds a portfolio of 1GW of projects already in operation, ready to build or under development.
"The acquisition of LUXEL, which has a high-quality portfolio of projects and experienced teams, significantly strengthens EDF Renewables' position in the French solar energy segment and will bolster its efforts to achieve the ambitious targets in EDF's Solar Plan. This transaction is also perfectly aligned with the Group's Cap 2030 strategy of doubling its installed renewable energy capacity around the world between 2015 and 2030", commented Bruno Bensasson, EDF Group's Senior Executive Vice President, Renewable Energies and Chairman & CEO of EDF Renewables.
"Given EDF's goals in the solar energy segment and the company' guiding values, EDF Renewables' business proposal appeared to be the most compelling option for LUXEL and our employees. We are delighted to be joining forces with the EDF Group, and we hope the tie-up will sustain and speed up LUXEL's development, which we had previously pursued independently with our teams", added Bruno Spinner, Chairman of LUXEL.