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    Home > News > Power News > News Article

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    Watt Acquires Decize Solar Park in France from Energiequelle


    July 29, 2022 - Marketline - Deals

     

      Deal In Brief

      Energiequelle GmbH has sold Decize solar park to Watt & Co. The centrally located park in France has a total output of 14.7 MWp and has been built with 36,000 modules on around 15 hectares. The project was developed by the French Energiequelle subsidiary P&T in cooperation with EREA Ingenierie. The park went into operation in 2021 and has since supplied almost 7,000 two-person households with sustainably produced electricity

      Watt & Co is a family-owned project developer and investor focused primarily on the solar industry and has been active in this field for more than 10 years. Watt & Co operates a total of 60 MW of solar projects in France, with over 300 MW in the late phase of project development

      Julia Timm, Experte Project Sales at Energiequelle, is delighted with the successful sale: “We hope to establish a fruitful and long-term business relationship with Watt & Co. The collaboration was always constructive and very pleasant.” The transaction was accompanied by Envinergy and the legal representation on the part of Energiequelle is provided by Sterr Kölln & Partner

      In the last few years, Energiequelle has implemented 33 photovoltaics plants in Germany, Spain and Italy. They currently manage 22 plants.

      Deal Type Acquisition
      Sub-Category Asset Purchase
      Deal Status Completed: 2022-07-27

      Deal Participants

      Acquirer (Company) Watt&Co
      Vendor (Company) Energiequelle GmbH

      Deal Rationale

      % Acquisition 100%

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)

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