Eurowind Energy has acquired additional shares in the French JV Ventelys Énergies Partagées, making it the majority shareholder.
Cyril Desreumaux will retain a minority share of the solar and wind developer, leading the company as president and country manager.
Ventelys Énergies Partagées will keep operating in its current form and name, while being part of the Eurowind Energy group.
Going forward, Ventelys Énergies Partagées will develop, construct, own, and operate solar and wind farms.
Desreumaux said:”Since 2017, Eurowind Energy has proven itself as the best partner for Ventelys Énergies Partagées moving to a strong growth on a long-term perspective in a sensitive market like France.
“With our first wind and solar parks under development, the company now holds the technical and financial skills in solar and wind technology to move on to the level of becoming an IPP committed to the green transition.
“This has always been the plan. Thanks to this opportunity, it’s becoming a reality.”
Jeppe Udby, global project director at Eurowind Energy, added: “I am happy that Cyril has chosen to accept this new challenge.
“Cyril has a unique understanding of the French market and has been instrumental in making Ventelys Énergies Partagées what it is today.
“There is a great potential in leveraging the strength of Eurowind Energy with the competences in Ventelys Énergies Partagées, and we look forward to realising that potential.”
Ventelys Énergies Partagées has a current portfolio of 38 projects under development with a combined capacity of 1258MW evenly split between solar PV and wind.