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VINCI takes over Helios Nordic Energy

Posted on by darion

VINCI Concessions, through its subsidiary SunMind, has concluded an agreement to acquire 100% of the Swedish company Helios specializing in the construction of photovoltaic farms and batteries for energy storage. It operates in Northern Europe (mainly in Sweden and the Baltic countries) and develops projects until they are ready for implementation.

Currently, Helios is 40% owned by the Norwegian investment fund Magnora ASA, and Helios’s shareholders also include the company’s management staff and several minority investors.

The amount agreed on for 100% equity was EUR 73 million, which represents part of Helios’ revenues over the next five years.

The transaction is expected to close in June, subject to regulatory approvals.

This acquisition will enable SunMind to expand its expertise in renewable solar energy. In Sweden, the company is currently developing a 100 MWp photovoltaic project at Skavsta Airport, previously managed by VINCI Airports. The company also operates in France, Portugal and Great Britain.

More news and technical articles from the global renewable energy industry can be found in the latest issue of Energy Global magazine.

Energy Global Spring 2024 issue

The Spring 2024 issue of Energy Global begins with guest commentary from Field on how battery storage can serve as a viable solution to reduced energy consumption, before moving on to a regional report by Théodore Reed-Martin, editorial assistant at Energy Global, looking at the state of renewable energy sources in Europe. This issue also includes a number of technical articles on electrical infrastructure, turbine and blade monitoring, battery storage technology, coatings and more.

Read the article online at: https://www.energyglobal.com/solar/31052024/vinci-acquires-helios-nordic-energy/