ENGIE has acquired a ready-to-build 212 MW onshore wind farm in Germany, doubling its local capacity and reinforcing its commitment to sustainable energy.
Target Information
ENGIE has made significant strides in the German energy market since its establishment in 1891, positioning itself as a key player in the country's energy transition. With a workforce of approximately 5,900 employees, ENGIE's portfolio includes wind, hydroelectric, and battery storage assets totaling around 660 MW of installed capacity, both operational and under construction. The company also contributes to Germany's energy security as one of the leading operators in natural gas storage through its subsidiary, Storengy.
In addition to energy generation, ENGIE is actively involved in the development of thermal networks and sustainable electric mobility solutions, benefiting from synergies created by utilizing waste heat from data centers.
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Industry Overview in Germany
The German energy sector is undergoing a major transformation as the country aims for a sustainable future free from fossil fuels. The government's commitment to renewable energy has paved the way for substantial in
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Disclosed details
Transaction Size: $32M
Enterprise Value: $32M