Once one of the world’s largest companies active in the nuclear and natural gas sectors, Engie has announced another renewable energy acquisition, part of a series of operations put in place to become ‘leader of this new energy world’.
The French energy giant has agreed to acquire French independent power producer Langa Group for an undisclosed sum. The Brittany-based developer, which specializes in the development of solar, wind, biogas and biomass projects, has a 1.3 GW project pipeline. By the end of the year Langa is expected to have installed around 165 MW of solar and 39 MW of wind.
“The Langa group demonstrated its competitiveness during the most recent solar calls for tenders launched by the CRE [France's Commission de régulation de l'énergie], where it came third, with ENGIE taking first place,” the French group said in its statement. Langa company will become part of Engie’s French unit Engie Green, and will contribute by developing roof and ground-based power plants.
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The latest acquisition in the renewable energy sector was that of Fenix International, a provider of small, off-grid rooftop systems to customers in East African nations, primarily Uganda. Prior to the transaction, Engie had bought the European business of bankrupt U.S. rooftop PV company Sungevity, and a stake in Chinese PV developer Unisun.
The French group is active in the solar sector also through its Compagnie du Vent, Solairedirect, and La Compagnie Nationale du Rhône (CNR). The group aims to install approximately 2.2 GW of solar PV by 2021.
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