Engie and Credit Agricole Sign Agreement on Existing Joint Venture
22 December 2017 - 9:06PM
Dow Jones News
By Anthony Shevlin
Engie SA (ENGI.FR) and Credit Agricole SA (ACA.FR) have signed a
new agreement to allow their joint venture Futures Energies
Investissements Holding to acquire nearly 500 megawatts of onshore
wind and solar power plants by the end of 2018.
In a statement on Friday, Engie said that it will have developed
and built these renewable power plants itself. The French company
added that the JV will have tripled its portfolio in five years
following the agreement.
The FEIH JV was created in 2013 with a first acquisition of 440
of megawatts onshore wind farms.
Management of the participation of Credit Agricole in this
partnership has been delegated to Omnes Capital, France's market
leader in private equity dedicated to energy transition.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
December 22, 2017 04:51 ET (09:51 GMT)
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