Voltalia buys a portfolio of wind projects of 379 MW in France

Voltalia has acquired a 379 MW wind projects portfolio in France from Maïa Eolis, a company jointly held by Groupe Maïa (51%) and Engie (49%).

Under this agreement, Voltalia also secures land rights on projects currently in the study phase.

The purchased projects, from the most preliminary to the most advanced stage, represent an overall 379 MW potential capacity (in development or in study phase). The first construction works could start within the next two years.

In this context, Maïa Eolis and Voltalia will work together to ensure the continuity of the relationship with local partners, especially local authorities and land owners.

This transaction adds to Voltalia’s global pipeline of projects in development while rebalancing its geographic footprint. As of June 30, 2015, French projects in development accounted for 12% of the company’s global pipeline (1,430 MW). Taking this purchase into account, this share reaches 22%. Besides, the projects are located in attractive areas, complementary to the ones so far developed by Voltalia in France.