Engie and Crédit Agricole Assurances have announced that they have reached an agreement to acquire from Canadian institutional investment manager, Alberta Investment Management Corporation, a 97.33% stake of Eolia Renovable (Spain).
The transaction covers the ownership and operation of 899 MW of operating assets (821MW onshore wind and 78MW photovoltaic) and a 1.2GW pipeline of renewable projects. Operating assets will be 40% owned by Engie and 60% by Crédit Agricole Assurances while Engie will develop and build the pipeline of projects. Engie will provide a complete range of services (O&M, Asset Management, Energy Management and Development services) for the full asset scope.
