Galileo acquires French renewables development business

Pan-European renewables developer Galileo has acquired the large-scale renewable project development business of France’s Quenea, including a team of about 30 experts and about 140 MW of wind and solar projects under development.

The 140-MW portfolio acquired at the deal’s first closing is expected to grow with further closings in the coming months and new initiatives already organically originated by the team, according to an announcement on Wednesday.

Quenea is a French company set up in 1996 and based in Carhaix-Plouguer, Brittany. Historically focused on rooftop solar, the company expanded in the early 2000s by creating a division focused on large-scale onshore wind and solar photovoltaic (PV) projects, primarily in northwestern France. Quenea has developed about 300 MW so far.

Galileo said the transaction will allow the firm to refocus on his historical core business.

"France is a very dynamic energy market, still with ample potential for development. We observe that renewable energies are the only additional generation source that can be activated in the short and medium term to both support the country's energy independence and deliver competitive green energy to final consumers,” said Galileo CEO Ingmar Wilhelm.

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