European investor obtains risk in French solar company

• Move comes as Galileo and Mosaik Energies plan to create a pipe of projects

French solar programmer Mozaik Energies has actually sold a 20% risk in the business to pan-European investment platform Galileo.

The action comes as the pair plan to jointly develop a pipeline of projects and to deploy a number of financial instruments to support the lasting growth trajectory of Mosaik Energies.

It is the initial transaction of this type for Galileo in France, prolonging its European footprint as part of its goal to end up being a key player in the renewable resource market at European degree.

The two partners are joining forces to promote the diversity of the power mix, to support the nation's strategy to move towards greater degrees of power independency, as well as to decrease electrical energy prices for the consumers.

Mozaik Energies as well as Galileo have the passion to establish, construct, and operate a pipe of utility-scale ground-based PV plants at a national scale, with a certain focus on the Northern parts of France.