Voltalia has completed the acquisition of solar developer Martifer Solar, helping the French renewable energy producer reach an operating capacity milestone of 1GW.
Voltalia said the deal, first announced in June, would also increase its workforce by 266 people to 423.
The company’s operating capacity has more than doubled to 1GW on the back of the deal, it said. The total includes 376MW of installed capacity and 627MW in operation on behalf of third-party clients.
In addition, the deal more than triples Voltalia’s annual turnover to €198 million from €58 million.
“By incorporating Martifer Solar’s expertise in development, construction, operation and maintenance, Voltalia confirms its positioning as an integrated industrial company,” Voltalia said in a statement.
Photo: Martifer
