EDF Renewables acquires French solar operator with 1GW of solar

EDF Renewables has announced that it has acquired the LUXEL Group, an independent solar energy player in France. LUXEL holds a portfolio of one gigawatt peak (1 GWp) of projects.

In February, EDF was in talks to acquire Luxel, whose portfolio includes projects that are already in operation, ready to build or under development. Luxel owns 90MW gross capacity, operates nearly 130MW and has 900MW of projects in various stages of development.

This acquisition will contribute to accelerate EDF Renewables’ growth in solar energy and bring it a step closer towards achieving the objectives in the Solar Plan.

EDF Renewables, now operates 320 MWp in gross photovoltaic capacity nationwide across more than one hundred facilities. The Group is also expanding its portfolio of photovoltaic projects under development by approximately 900 MWp.

“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.