French company Entech, specialised in energy conversion and storage technologies, has announced the acquisition of a portfolio of solar power projects with a total capacity of approximately 100 megawatt-peak (MWp). The transaction is valued at €1.4mn ($1.52mn), according to a company statement. The projects were sold by an unnamed international energy group.
The portfolio includes multiple ground-mounted and agrivoltaic solar power plants located across southern and central France. Each project ranges from 3 to 11 MWp in capacity and varies in terms of development maturity. Entech stated that planning permission applications have already been submitted for roughly half of the projects.
Potential integration of energy storage
The acquisition supports the growth of Entech’s Energy & Services division, which develops turnkey solar projects for institutional, industrial and agricultural clients, with integrated financing solutions. The company plans to deploy its teams to optimise the acquired projects and assess the feasibility of incorporating energy storage systems.
A two-year technical study phase is expected before construction begins, scheduled between 2027 and 2029. Entech has not disclosed commissioning timelines for individual sites or the specific storage technologies under consideration.
First acquisition since June capital raise
This acquisition is the first strategic initiative following Entech’s €15mn ($16.31mn) capital increase completed at the end of June. Chief Executive Officer and Founder Christopher Franquet said the deal fits into a targeted development strategy focused on optimisable energy assets.
Energy & Services aims to monetise client land assets without requiring initial investment. Alongside its own project development, the company also seeks to seize acquisition opportunities involving smaller-scale portfolios, both in France and abroad, to accelerate the build-up of its operational base.
