Independent energy company Neoen and juwi AG have signed a deal that will see Neoen acquire 100% of juwi EnR — the French subsidiary of juwi AG.
The deal between both companies is expected to be completed within the next few weeks. juwi EnR stands as one of the leading renewable energy companies located in France.
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Xavier Barbaro, CEO of NEOEN, said: “The renewable energy sector in France and in Europe is entering a phase of concentration. Neoen intends to be one of the leading aggregators of projects, assets, and talents. …This acquisition will significantly strengthen our portfolio of projects, and will also let our subsidiary GenSun become one of the leaders in the field of EPC and O&M contracts for solar parks in France.”