- 3 min
Paris, 16 April 2008
Conexia Energy, an Aix-based renewable energies consulting and engineering firm specialised in the development of ground-based solar photovoltaic farms, is selling a stake in its capital to Valorem and Capenergie.
Following completion of this transaction, Valorem, a developer and operator of wind farms based in Bègles, and Capenergie, a Crédit Agricole Private Equity investment fund dedicated to renewable energies and energy efficiency, together hold a 49% interest in Conexia Energy.
With its new partners, Conexia Energy now has additional project development capabilities, especially in technical and geographical coverage aspects.
To date, Conexia Energy's project portfolio amounts to over 70 MWp in France.
A key player in the French wind energy sector, Valorem's expertise spans the entire industry value chain, from the identification of potential sites to the commissioning and operation of wind farms for its own account. This transaction will help it diversify its wind energy activities into the solar sector.
With an investment capacity of €109 million, Capenergie holds a portfolio of investments in SMEs in the renewable energies sector, including Valorem and energy generation infrastructure. Thanks to this deal, Capenergie is strengthening its presence in the solar photovoltaic sector.