VINCI subsidiary buys solar and storage developer Helios Nordic Energy for US$73 million

Facebook
Twitter
LinkedIn
Reddit
Email
vinci concessions
Helios Nordic Energy’s portfolio includes the 22MW Kungsåra project in Sweden. Image: VINCI Concessions

French solar developer Sunmind, a subsidiary of construction firm VINCI Concessions, has acquired solar developer Helios Nordic Energy for US$73 million.

Helios has developed 1GW of solar projects in the Nordics and sold around 300MW of ready-to-build projects to investors. The company noted that it has an “extensive” pipeline of PV and battery energy storage (BESS) projects in development. Its executives will continue in their positions once the transaction is completed, which is expected to take place by June.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“We are very proud of the journey we have made with Helios,” said Helios CEO Andreas Tunbjer. “Through determination and a very strong commitment from our team we have built trust among investors, and we have been one of the pioneers introducing a new energy production source at scale to the Nordic energy mix.”

VINCI noted that the deal would allow Sunmind to “enrich” its position in the renewable power sector. Sunmind has mostly invested in the small-scale space. It has commissioned Portugal’s first airport solar plant, with a capacity of 3MW, and boasts around 425MW of capacity under development in Europe. Much of this is made up by a 100MW PV project at Skavsta airport in Sweden, and the company hopes to benefit from Helios’ expertise in the region.

The Swedish solar sector has grown considerably in recent years, with Svensk Solenergi, the country’s solar association, reporting that around 4GW of capacity was in operation at the end of 2023. As much as 1.4GW of this was installed last year, and this rate of growth is expected to help Sweden meet the 6.6GW deployment target set in the most recent draft of its National Energy and Climate Plan (NECP).

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

September 17, 2025
Spanish IPP Velto Renewables has acquired a portfolio of 53 operational solar assets in Spain with a combined capacity of 260MW.
September 16, 2025
Sunotec has launched Sunotec Nordic to spearhead solar and hybrid renewable project development across the Nordic region.
September 16, 2025
Two of the major European solar trade associations, the European Solar Manufacturing Council (ESMC) and SolarPower Europe (SPE), have called for EU policymakers to take measures supporting European solar manufacturing.
September 11, 2025
The PEARL Consortium has developed perovskite solar cells with carbon electrodes with a conversion efficiency of 21.6%.
September 11, 2025
The EBRD has launched a new programme to improve access to green financing and support energy investments such as renewable power projects.
September 10, 2025
A project claimed to be Germany’s largest agriPV plant has been commissioned in the north-east of the country.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA