After having received the final official approvals, EnBW Energie Baden-Württemberg closed the acquisition of the French developer and operator of wind and solar farms Valeco. VALECO is based in Montpellier and is one of the Top 10 operators of renewable energy farms on the French market.
The company employs around 135 people in the onshore wind and solar sectors and is active along the entire value added chain throughout France from development and construction through to operation. With an installed capacity of 276MW of onshore wind power and 56MW of solar power, as well as a project pipeline of 1,700MW, Valeco reported an annual turnover of around € 50 million last year. Alongside the company headquarters in Montpellier, Valeco also has project development offices in Amiens, Nantes and Toulouse. The previous owners of VALECO were the founding family Gay and the bank Caisse des dépôts et consignations (CDC).