Technique Solaire Group has announced the signing of an agreement with Iberdrola to acquire 100% of the shares of Iberdrola Renouvelables, S.A.S., its French onshore renewable subsidiary.
The strategic transaction marks a major milestone for the Group, though completion remains subject to customary conditions precedent, including regulatory approvals and consultation with employee representative bodies.
Iberdrola Renouvelables, S.A.S. holds a portfolio comprising 118MW of operational wind assets, alongside a substantial pipeline of 639MW of onshore wind and solar PV projects currently under development in France.
This transaction represents Technique Solaire Group’s first investment in onshore wind. The strategic diversification will broaden the Group’s expertise and strengthen the resilience of its project portfolio against future changes in energy market regulations and renewable support policies.
The combination of wind, solar, and battery energy storage systems (BESS) is also set to enable the Group to offer customers green electricity tailored to their needs.
Thomas de Moussac, Co-founder and Managing Director, Development, explained: “Entering the wind sector is a strategic milestone for Technique Solaire.
“Following our successes in solar and biogas, this transaction – which gives us immediate access to 118MW in operation and a substantial project pipeline – opens a new chapter in our development.”
Lionel Themine, Co-founder and Managing Director, Finance, added that the acquisition “reflects our strategy to diversify our growth engines.”
“It is also fully in line with our capital discipline and our long-term financial trajectory. It will strengthen our model based on regulated or contracted assets.”
Finally, outlining the operational priorities post-completion, Julien Fleury, Co-founder and Managing Director, Operations, said: “After completion, our priorities will go to safety, operational continuity, asset performance, and the smooth integration of highly experienced teams we will be delighted to welcome.
“We will place industrial excellence and local engagement with our stakeholders at the heart of this transition.”
