Direct Energie has finalised the acquisition of renewable energy developer Quadran
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Direct Energie has finalised the acquisition of renewable energy developer Quadran. At end-2016, Quadran had over 360 MW of assets in its portfolio and its capacity is expected to reach about 800 MW by end-2018. There is an earn-out option of up to EUR 113 million, largely depending on the pace of commissioning of Quadran projects until mid-2019. Following the acquisition, Quadran will be consolidated in Direct Energie’s financial statements as of November 1
List of the country updates
Country updates
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October 30, 2017
The construction of the project has been approved
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October 30, 2017
The construction of the project has started and is expected to be completed in 3 to 5 years
