Altarea has announced the acquisition of Prejeance Industrial, a company specializing in the development of rooftop photovoltaic projects. The deal, worth around €140 million, includes €25 million in goodwill and €115 million for solar power plants in operation, under construction or under development. Prejeance Industrial has a team of 18 employees who manage the full cycle of solar projects, from development to asset management. The company currently has an installed capacity of over 42 MWp and is developing a project pipeline of almost 400 MWp, including 41 MWp under construction.
Strengthening Photovoltaic Capacity
This acquisition enables Altarea to strengthen its photovoltaic development platform in France, a strategic initiative launched in 2023. The integration of Prejeance Industrial will significantly increase the Group’s installed capacity and capacity under development. Altarea thus aims to consolidate its presence in the renewable energies market and diversify its activities.
Financial and strategic impact
The acquisition of Prejeance Industrial will be integrated into Altarea’s accounts from the second half of 2024. This transaction is part of Altarea’s strategy to diversify its activities and strengthen its presence in the renewable energies sector. The acquisition will not only increase Altarea’s production capacity but also support its long-term growth objectives. The renewable energies market is booming, and investment in this sector is essential to meet future energy needs. With this acquisition, Altarea is positioning itself as a key player in the development of solar energy in France, increasing its installed capacity and project pipeline. The acquisition of Prejeance Industrial marks an important milestone for Altarea, strengthening its photovoltaic platform and underpinning its growth ambitions in the renewable energies sector. Development prospects are promising, with increased installed capacity and a solid pipeline of ongoing projects.
