Pan-European renewables developer Galileo has acquired the large-scale renewable project development business of France's Quenea, including a 140-MW portfolio of wind and solar projects under development and a team of around 30 experts.
The acquisition, which took place at the deal’s first closing, is expected to expand in the coming months with additional closings and new projects originating from Quenea’s team.
Founded in 1996, Quenea, based in Carhaix-Plouguer, Brittany, initially focused on rooftop solar before expanding in the early 2000s into large-scale onshore wind and solar PV projects, primarily in northwestern France. The company has developed about 300 MW to date.
Galileo sees this transaction as a strategic opportunity to refocus on its core business. CEO Ingmar Wilhelm emphasized that France remains a dynamic energy market with significant growth potential. "Renewable energies are the only additional generation sources that can be activated in the short and medium term to help support energy independence and deliver competitive green energy to consumers," he said.
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