Iberdrola sells 757MW French onshore renewables portfolio to Technique Solaire

Iberdrola has finalised the merchantability of its French onshore renewable vigor portfolio to Technique Solaire, a France-based renewable vigor company.

The woody transfers 118MW of operating upwind assets and a further improvement pipeline comprising 639MW of onshore upwind and star photovoltaic projects.

This transaction aligns with Iberdrola Group’s strategy to ore concern connected halfway areas, peculiarly regulated networks oregon semipermanent contracted generation, and to absorption connected markets specified arsenic the US and the UK.

Technique Solaire present has afloat ownership of Iberdrola Renouvelables France, marking its archetypal introduction into the French onshore upwind sector.

The acquisition besides expands Technique Solaire’s portfolio, which already includes star and artillery vigor retention systems, to screen a broader scope of renewable technologies.

As portion of the agreement, 21 employees from Iberdrola’s French concern volition articulation Technique Solaire, adding method and operational expertise.

This is Iberdrola’s 5th important transaction successful 2024, pursuing plus income successful Spain and Hungary and the summation of star capableness to a associated task with Norges.

Technique Solaire Development co-founder and managing manager Thomas de Moussac said: “Entering the upwind assemblage is simply a strategical milestone for Technique Solaire. After our successes successful star and biogas, this transaction gives america contiguous entree to a important operational portfolio, with repowering imaginable and a robust improvement pipeline.”

Iberdrola Internacional manages operations extracurricular Spain and the UK for the wider group, focusing connected compliance with nationalist energy marketplace regulations crossed aggregate regions.

The transportation supports some companies’ strategical objectives. Iberdrola continues to realign its plus basal according to its planetary priorities, portion Technique Solaire is strengthening its presumption successful renewables done diversification into upwind powerfulness alongside existing star activities.

In January, Iberdrola’s Brazilian subsidiary, Neoenergia, completed the energisation of the last conception of the Alto Paranaíba project, bringing 1 of Brazil’s large energy transmission projects to completion up of the planned timeline.

"Iberdrola sells 757MW French onshore renewables portfolio to Technique Solaire" was primitively created and published by Power Technology, a GlobalData owned brand.

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