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EDF-EN increases stake in Fotosolar to 90%

16 June 2008 | Market Watch: News From Around The Web | Source: energy-business-review.com
French clean energy firm EDF Energies Nouvelles is raising its interest in Fotosolar, a Spanish solar energy company, from 50% to 90%.

Founded in 2004, Fotosolar is active in the development, construction and maintenance of ground and roof-based photovoltaic (PV) power plants. The company has completed several solar farms in Spain.

EDF Energies Nouvelles (EDF-EN) initially acquired a 45.5% shareholding in Fotosolar in 2006, subsequently increasing its stake to 50% in early 2008.

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