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

• Voltalia subsidiary Helexia has obtained French agrisolar installer and operations company Cap Sud for EUR5 million (US$ 5.5 million) after the firm was placed in safeguard procedures at the end of 2021.

The purchase will "make it possible for Helexia to additional accelerate its development in France in the rural and also city solar roof covering industry," the firm stated in a statement. It will certainly additionally enable Voltalia to offer French farmers a broader variety of products and services, while likewise advertising inner synergies within the team, the business added.

At the end of 2021, Cap Sud, which presently runs 35MW of agricultural solar roofing systems, encountered a liquidity crisis and was put in safeguard or receivership proceedings, with a require buyers asked for.

Developed in 2010, Helexia specialises in on-site power manufacturing on roofs, solar shading systems and also the energy optimization of structures. While mostly active in the tertiary as well as commercial fields, Helexia additionally has experience in the agrisolar industry with 23MW in operations.

It has a portfolio of long-lasting power acquisition agreements (PPA) of 225MW, which has actually increased greater than four-fold given that it was gotten by French renewables designer and also power producer Voltalia in 2019.

Voltalia, whose revenue leapt 71% in 2021 following the solid performance of its development and also construction unit, has developed a portfolio of nuclear power plant in operation and under construction of 2GW.

Voltalia also saw its yearly electricity production get to a record high last year reaching 4.1 TWh, standing for a 51% year-on-year rise, with the firm increased by a 25% increase in mounted solar ability.

" Together, Cap Sud, Helexia and also Voltalia will certainly have the ability to supply farmers a comprehensive bundle of collaborations that consist of solar roofings on agricultural buildings, agrivoltaic projects, ground-mounted solar projects and wind power projects," claimed Sébastien Clerc, CEO of Voltalia.