Renvico owns up to 329MW of onshore wind energy capacity in Italy and France.
Renvico currently operates 142MW of wind capacity in operation in Italy, 187MW in France and up to 300MW is set to be developed.
Gwenaëlle Avice-Huet, ENGIE’s Executive vice president in charge of Renewable Energy said: "This acquisition will contribute to ENGIE’s growth ambitions, adding 9GW worldwide by 2021, of which 3GW in Europe. In France, this transaction will allow ENGIE to strengthen its onshore wind leadership, with a 2.1GW installed capacity at the end of 2018. In Italy,
"ENGIE will double its onshore wind installed capacity, to reach more than 300MW. ENGIE already supplies 100% green electricity for 2,9 million clients in France and 1 million clients in Italy. This new portfolio brings also an additional 300MW capacity to be developed. It’s a cornerstone of our ambition to accelerate the zero-carbon transition of our clients."
ENGIE is operating 2,100MW of wind capacity and 1,200MW of solar and 3,900MW of hydropower in France. ENGIE’s renewable energy business is employing 2,500 staff in France.