Five years after it was incorporated, FEIH, co-owned by ENGIE (50%) and Crédit Agricole Assurances (50%), has tripled its initial portfolio, today reaching 1.5 GW of solar and wind capacity.
Established in 2013 with an initial acquisition of 440 MW of wind farms, FEIH has continued to invest in wind and solar power generation in France through a solid partnership that has enabled it to build a portfolio reaching 1.5 GW. All the farms are operated by ENGIE Green, ENGIE’s dedicated renewable energy entity in France.
“The relationship of mutual trust between our teams and those of Crédit Agricole Assurances combined with our complementary areas of expertise have enabled ENGIE to increase its capacity for growth tenfold and to strengthen its leading position in solar and wind power,” said Gwenaelle Huet, CEO of ENGIE’s France Renewables entity.
Crédit Agricole Assurances, France’s leading insurance company, is continuing its long-term institutional investment strategy, which is illustrated through the financing of major projects contributing to the energy transition. “The new investments made at the end of 2018 alongside our partner ENGIE have helped Crédit Agricole Assurances to strengthen its presence in energy transition infrastructure, a sector in which it is France’s largest investor,” stated Jean-Jacques Duchamp, Deputy Managing Director of Crédit Agricole Assurances.
Serge Savasta, Managing Partner of Omnes: “We are delighted to continue to support Crédit Agricole Assurances in managing this unique partnership with ENGIE, the leader in renewable energy in France. The acquisitions at the end of 2018, and particularly solar photovoltaic assets, have diversified the portfolio further and are helping to accelerate the platform’s growth.”