Engie sold a 49.9% stake in a combined 19 MW solar portfolio to Mirova, enhancing both parties' strategic objectives in the renewable energy sector.
Target Information
The target of the transaction is a portfolio comprising two solar energy projects, specifically one photovoltaic (PV) and one concentrating photovoltaic (CPV) project, with a combined capacity of 19 megawatts (MWp). This portfolio was sold by Engie’s subsidiary, La Compagnie du Vent, to Mirova, a leading investment firm that specializes in sustainable infrastructure.
This sale represents a critical step in Engie’s strategic plans, as the company continues to optimize its investments in renewable energy. The projects exemplify advanced solar technology and efficiency, aligning with global trends toward increasing the share of renewable resources in energy generation.
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Industry Overview in France
France's renewable energy sector has experienced significant growth, driven by national policies aimed at reducing carbon emissions and increasing the proportion of renewables in the energy mix. The Fre
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