ENGIE Portugal Buys 100% of Ikaros Hemera's Capital

Source Press
Company ENGIE 
Tags Corporate Deals, Deals, Renewable Energy, Power
Date December 07, 2019

(jornaleconomico.sapo.pt) Ikaros Hemera founder and CEO Duarte Caro de Sousa will continue to lead the company, now part of the French group Engie

nergie Engie Portugal, owned by the French group  Engie, acquired 100% of the capital of the company specializing in solar photovoltaic systems Ikaros Hemera, was announced this Saturday.

In a statement, although without revealing the values ​​involved in the operation, Engie Portugal stated that it was “a strategic acquisition” for the French group in Portugal, “in line with the ambition to lead the zero carbon energy transition in a high energy sector. growth potential".

Ikaros Hemera, which operates exclusively in the corporate segment, has a market share of around 10%, being “a national reference in photovoltaic energy”. According to Engie Portugal, Ikaros Hemera has an installed capacity of over 30 megawatt peak (MWp) and manages more than 20 MWp.

By operating within the Engie group, “Ikaros Hemera gains increased capacity to develop innovative projects and invest in customer facilities” and, according to  Engie Portugal CEO Pedro Cruz, Ikaros Hemera “will continue to install systems turnkey models ”, but will also offer“ integrated solutions, which may include investment, maintenance and optimization of installations ”.

Ikaros Hemera founder and CEO Duarte Caro de Sousa will continue to lead the company in this new phase of consolidation and growth of its business.

This operation also symbolizes the reinforcement of Engie Group's commitment to renewable energy, a market where the French group has a renewable production capacity of over 25 gigawatts worldwide. The  Engie group "has a strong presence in Portugal, where it is the second largest electricity producer and one of the main operators in energy efficiency services," the statement said.

Source: EvaluateEnergy® ©2020 EvaluateEnergy Ltd