ENGIE, the leading wind and solar energy company in France, has consolidated its position in these two technologies today by acquiring the LANGA Group (1).
Founded in 2008, the LANGA group, based in Brittany, is one of the most active independent producers of renewable energy, simultaneously present in solar, wind, biogas and biomass. LANGA is involved in the entire value chain of its projects. It holds a portfolio in operation which by the end of 2018 is set to reach an installed capacity of 215 MW of which 165 MW in solar energy and 39 MW in wind energy. The group is also developing 1.3 GW of projects due to be completed by 2022. The LANGA group demonstrated its competitiveness during the most recent solar calls for tenders launched by the CRE (2) where it came 3rd with ENGIE taking first place.
This acquisition will allow ENGIE, in addition to its strong organic growth, to intensify its development in renewable energies in France. ENGIE in fact aims to develop nearly 3 GW of wind and nearly 2.2 GW of solar by 2021.
Gwenaelle Huet, CEO of ENGIE France Renewables, stated: “ENGIE and LANGA are among the leading French companies developing solar energy. The alliance of the two Groups and in particular the specific skills of LANGA teams on roofs and ground-based power plants, as well as the general portfolio of projects being developed, will incontestably make ENGIE a leader of the sector in the country. It is thus with great pride that we will welcome LANGA’s personnel to ENGIE”.
Gilles Lebreux, founder and CEO of the LANGA group, stated: “The clarity and determination shown through the acquisition proposal as well as the business proposal put forward by ENGIE were key factors in the decision of the shareholders of the group to project LANGA into the future. The managerial team has gradually been able to position itself as a major actor in the development of renewable energy in France and in particular in 2017, by winning many calls for tender launched by the CRE. The partnership with TERRE et LAC and the support from ASTRIS FINANCE, as financial advisor, have been major factors in the development of the LANGA group as well as in the timeliness of this alliance.”
This acquisition follows on from the recent regroupings of ENGIE positions (3) within ENGIE Green France, making it a major player of the French renewable market.
(1) subject to the suspensive conditions being lifted once the acquisition is finalised.
(2) Energy Regulation Commission
(3) La Compagnie du Vent, Futures Energies, Maïa Eolis, Maïa Solar, Hydro Maïa, development activities and SolaireDirect’s
We are a global energy and services group, focused on three core activities: low-carbon power generation, mainly based on natural gas and renewable energy, global networks and customer solutions. Driven by our ambition to contribute to a harmonious progress, we take up major global challenges such as the fight against global warming, access to energy to all, or mobility, and offer our residential customers, businesses and communities energy production solutions and services that reconcile individual and collective interests. Our integrated - low-carbon, high-performing and sustainable - offers are based on digital technologies. Beyond energy, they facilitate the development of new uses and promote new ways of living and working. Our ambition is conveyed by each of our 150,000 employees in 70 countries. Together with our customers and partners, they form a community of imaginative builders who invent and build today solutions for tomorrow. 2017 turnover: 65 billion Euros. Listed in Paris and Brussels (ENGI), the Group is represented in the main financial (CAC 40, BEL 20, Euro STOXX 50, STOXX Europe 600, MSCI Europe, Euronext 100, FTSE Eurotop 100, Euro STOXX Utilities, STOXX Europe 600 Utilities) and extra-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).To learn more: www.engie.com