VINCI Concessions, via SunMind, acquires Helios Nordic Energy for 73 million euros, strengthening its presence in renewable energies in Northern Europe.
VINCI Concessions, through its subsidiary SunMind, has signed an agreement to acquire 100% of Helios Nordic Energy, a Swedish company specializing in the development of photovoltaic solar power plants and battery energy storage systems. This acquisition is part of VINCI’s strategy to strengthen its position in the renewable energies sector, particularly in Northern Europe, where Helios is particularly active in Sweden and the Baltic States.
The transaction, valued at 73 million euros, also includes a share in the revenues generated by Helios over the next five years. Helios, currently 40% owned by Magnora ASA, a Norwegian investment fund, and the remainder by its management and a number of minority investors, will be fully integrated into SunMind.
Strategic development and geographic expansion
With this acquisition, SunMind strengthens its expertise in renewable energies, particularly in the development of solar projects. The company is currently developing a 100MWp photovoltaic project on the Skavsta airport site in Sweden, previously managed by VINCI Airports. This expansion marks a significant step in SunMind’s strategy to become a major player in the European solar energy sector.
In addition to its activities in Sweden, SunMind is also present in France, Portugal and the UK, where it continues to develop and acquire new renewable energy projects. This acquisition of Helios is in line with VINCI’s objective of creating long-term value for its customers, shareholders and society in general, while contributing to environmental performance.
Outlook and market impact
Completion of the transaction is scheduled for June, subject to the necessary regulatory approvals. This acquisition should not only strengthen SunMind’s position in the renewable energy market, but also open up new opportunities for the development of large-scale solar projects throughout Northern Europe.
VINCI, a global player in concessions, energy and construction, continues to demonstrate its commitment to environmental performance and the energy transition. By acquiring Helios, SunMind is strategically positioned to meet the growing demand for clean, renewable energy, while consolidating its role as a leader in this sector.
SunMind’s acquisition of Helios illustrates the proactive strategy of major companies in acquiring key energy assets. This transaction strengthens SunMind’s ability to carry out large-scale solar projects, responding to growing energy needs and consolidating its position in the European energy market.
