Essen, Germany [RenewableEnergyWorld.com] E.ON has signed a share sale and purchase agreement for the acquisition of Société Conilhac Energies S.A.S, a developer of photovoltaic projects in southern France.
The company has assembled a significant pipeline of photovoltaic projects at various stages of maturity and the acquisition will enhance E.ON’s capabilities to develop and implement PV projects in an industrialized fashion, it says.
E.ON anticipates that solar energy will follow a growth path over the coming decade similar to the one that wind energy experienced in the last decade and for that reason, it is developing the capabilities required to add solar energy to its generation mix.
Recently, E.ON opened its first solar farm, near the southern French town of Le Lauzet. The farm occupies an area of more than 20 hectares, has an installed capacity of 1 megawatt (MW), and could be expanded to 5 MW subject to the availability of a suitably-sized grid connection.