Altarea Acquires Prejeance Industrial, Strengthens Its Photovoltaic Platform

Altarea has announced the acquisition of Prejeance Industrial, a company specializing in the development of rooftop photovoltaic projects. The transaction, worth approximately €140 million, includes a €25 million enterprise value and €115 million for solar plants in operation, under construction or under development. Prejeance Industrial has a team of 18 employees who manage the full cycle of solar projects, from development to asset management. The company currently has an installed capacity of over 42 MWp and is developing a pipeline of projects of almost 400 MWp, including 41 MWp under construction.

Strengthening the photovoltaic potential

With this acquisition, Altarea can strengthen its photovoltaic development platform in France, a strategic initiative launched in 2023. The integration of Prejeance Industrial will significantly increase the Group’s installed capacity and capacity under development. Altarea therefore intends to consolidate its presence in the renewable energy market and diversify its activities.

Financial and strategic impact

The acquisition of Prejeance Industrial will be included in Altarea’s accounts from the second half of 2024. This transaction is part of Altarea’s strategy to diversify its activities and strengthen its presence in the renewable energy sector. The acquisition will not only increase Altarea’s production capacity, but will also support its long-term growth objectives. The renewable energy market is booming and investments in this sector are essential to meet future energy needs. With this acquisition, Altarea is positioning itself as a key player in the development of solar energy in France, increasing its installed capacity and project portfolio. The acquisition of Prejeance Industrial represents an important milestone for Altarea, strengthening its photovoltaic platform and supporting its growth ambitions in the renewable energy sector. The development prospects are promising, with increased installed capacity and a solid portfolio of ongoing projects.