Transfer of Dhamma Energy’s Spanish and French Solar Business to Energy Company ENI Completed

Source Press Release
Company Dhamma Energy Management SLENI S.p.A. 
Tags Corporate Deals, Deals, Renewable Energy, Power
Date October 08, 2021

Dhamma Energy’s founders, Mr. Olivier Crambade and Mr. Philippe Esposito, have successfully concluded the transfer of the Spanish and French solar business to Eni gas e luce, a wholly owned company of Eni SpA.

After receiving all required approvals, on Monday October 4th the full acquisition of Dhamma Energy’s Spanish and French activities by Eni company was completed.

The transaction involves the transfer of a platform with 120 MW of operating solar plants and a solar pipeline of almost 3 GW under development in Spain and France, of which 400 MW are in an advanced stage of development. Dhamma Energy’s Madrid and France-based teams have also joined Eni company.

The photovoltaic developer and independent power producer Dhamma Energy was founded in 2008 by Olivier Crambade and Philippe Esposito and has completed to date the development of 650 MW in solar plants in international markets.

“We are very proud to have successfully concluded the transfer of Dhamma’s activities in Spain and France to Eni. Through this transaction, we transfer a robust portfolio of solar assets that we have generated over the last decade in two promising markets for the energy transition. We would like to thank Dhamma’s team for their excellent work. It has been a great experience to lead Dhamma all these years and we are convinced of having positively contributed to the development of the solar energy sector in both markets”, said Olivier Crambade and Philippe Esposito, who will now pursue their activities in other solar utility-scale markets, such as Mexico, and with their green hydrogen business, that they started in the last years, through the company DH2 energy.

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