Voltalia subsidiary Helexia buys struggling French agrisolar installer for US$5.5m

Facebook
Twitter
LinkedIn
Reddit
Email
Helexia said the purchase of Cap Sud would help drive its French agrisolar business forward. Image: Unsplash

Voltalia subsidiary Helexia has acquired French agrisolar installer and operations company Cap Sud for €5 million (US$5.5 million) after the company was placed in safeguard proceedings at the end of 2021.

The acquisition will “enable Helexia to further accelerate its growth in France in the rural and urban solar roofing sector,” the company said in a statement. It will also allow Voltalia to offer French farmers a wider range of products and services, while also promoting internal synergies within the group, the company added.  

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

At the end of 2021, Cap Sud, which currently operates 35MW of agricultural solar roofs, faced a liquidity crisis and was placed in safeguard or receivership proceedings, with a call for buyers requested.

Established in 2010, Helexia specialises in on-site energy production on rooftops, solar shading systems and the energy optimisation of buildings. While predominantly active in the tertiary and industrial sectors, Helexia also has experience in the agrisolar sector with 23MW in operations.

It has a portfolio of long-term power purchase agreements (PPA) of 225MW, which has increased more than four-fold since it was acquired by French renewables developer and power producer Voltalia in 2019.

Voltalia, whose revenue jumped 71% in 2021 following the strong performance of its development and construction unit, has developed a portfolio of power plants in operation and under construction of 2GW.

Voltalia also saw its annual electricity production reach a record high last year reaching 4.1TWh, representing a 51% year-on-year increase, with the company boosted by a 25% rise in installed solar capacity.

“Together, Cap Sud, Helexia and Voltalia will be able to offer farmers a comprehensive package of partnerships that include solar roofs on agricultural buildings, agrivoltaic projects, ground-mounted solar projects and wind power projects,” said Sébastien Clerc, CEO of Voltalia.

Read Next

September 10, 2025
Voltalia is seeking compensation for the ongoing curtailment of its Brazilian solar and wind fleet, which has exceeded expectations this year.
September 8, 2025
France has awarded 971MW of ground-mount solar capacity, to 165 projects, in the eighth round of the PPE2 PV tender.
September 3, 2025
Chinese solar manufacturer Trinasolar has signed a patent licence agreement with French module manufacturing startup Holosolis to use its TOPCon solar cell technology.
July 14, 2025
For the first time ever, solar PV was the biggest source of electricity in June 2025, according to data from energy think tank Ember.
July 8, 2025
Germany could install 500GW of new solar agrivoltaics (agriPV) capacity on its most 'suitable' land, according to Fraunhofer ISE.
July 7, 2025
Private equity firm Ardian has completed the acquisition of French independent power producer Akuo, a transaction unveiled in March 2025.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
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