Swiss energy company Axpo wants to expand its renewable energy business through the acquisition of French solar project developer Urbasolar. In a very short press release, the company said it was chosen by Urbasolar’s owners as a preferred acquirer in an extensive selection process from a field of high-ranking bidders.
Axpo also said that Urbasolar has now started a consultation process on the acquisition with its employees, which is mandatory under France’s regulation before the signing of the sale contract. “The two parties have agreed not to disclose any details on the intended purchase,” the Swiss company added.
Axpo is already active in the solar business in Portugal, where it agreed to buy power from a 28.8 MW solar plant in Evora through a bilateral PPA, in Italy, where it granted a 12-year PPA to 300 MW of solar capacity that Danish renewables developer European Energy is working on, Axpo is also currently largest Swiss producer of renewable energies, primarily with domestic hydropower and biomass.
As for Urbasolar, it currently operates approximately 300 MW of PV capacity consisting of around 450 installations. Furthermore, it has a portfolio of PV projects with a capacity of about 850 MW in France and abroad.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
6 comments
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.