Reden Solar

French solar developer Reden Solar was on sale since October. The €2.5 billion transaction is expected to be finalized in the third quarter of this year.

The solar event in Lyon illustrated how expectations of French solar remain big despite lower-than-expected development and issues related to regulations and carbon footprint requirements. The large participation of international and Chinese players seeking business among installers and distributors is a signal things may improve in the short term, and larger volumes may be deployed in the coming years.

The French solar developer, which is owned by France-based investment companies Infravia and Eurazeo, aims at installing over 80 MW of new PV plants annually over the next three years.