Galileo has acquired the large-scale renewable project development business of French onshore wind and solar developer Quenea.
The scope of the transaction’s first closing includes the development business, with a team of about thirty sector experts led by Pauline Caro, and a 140MW portfolio of wind and photovoltaic projects under development.
The size of the portfolio is set to increase following further closings in the coming months and new initiatives already organically originated by the team, Galileo said.
Founded in 1996 by Pascal Quenea, a pioneer of renewable energies in France, the acquired company historically focused on rooftop solar installations.
In the early 2000s, it significantly expanded its activities with the creation of a branch dedicated to the development of large-scale onshore wind and solar photovoltaic projects mainly in north-western France.
With around 300MW developed to date, Quenea’s development team has an extensive experience and expertise in this field.
Intuition, adaptability and commitment are the values that have always guided this SME in its efforts to support the energy transition at the local level.
Galileo’s acquisition of Quenea’s division for the development of large-scale renewable energy projects will enable its founder to refocus on his historical core business, the company said.
Through this acquisition will strengthen its presence in France relying on a competent team that has strong territorial presence and is locally recognised.