GDF Suez Completes Econergy Acquisition

Renewable energy group Econergy International, a U.S. based company listed in the UK, has been acquired by GDF Suez International for roughly £39 million [US $64.2 million].

Econergy, which is focused on renewable energy projects in Latin America and North America, has a total capacity of 266 megawatts (MW) of small hydro, wind and coalbed methane projects in operation or construction. The company also has a portfolio of approximately 200 MW of projects in various stages of development.

“We think Econergy International to be a perfect fit and complementary to our international energy portfolio. The company has and is developing a series of interesting renewable assets, such as wind and small hydro, in markets where GDF Suez already has a presence or aspires to take positions,” said Dirk Beeuwsaert, CEO of GDF Suez.

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