Axpo finalises take-over of the PV company Urbasolar

Share

25.07.2019 - Axpo has received approval from the respective authorities for the definitive acquisition of the French photovoltaics company Urbasolar. The transaction will make Axpo an important market player in the development and construction of solar plants in France and Europe.

On 2 May Axpo announced that it had concluded an agreement for the purchase of Urbasolar with headquarters in Montpellier, France. The take-over of the photovoltaics company is now finalised: The French merger control authority and the Ministry for Industry have granted purchase approval.

Urbasolar is one of the leading companies in the French solar energy industry. The Urbasolar portfolio currently includes operating photovoltaic plants with an installed capacity of 350 MW. Urbasolar also holds a development pipeline of over 1,000 MW and provides services in the area of repair, maintenance and asset management.

Growth initiative in the solar business

Axpo will continue to manage Urbasolar as an independent subsidiary and intends to develop the company's existing, successful business model on an international scale in the upcoming years. After developing the wind business with the subsidiary Volkswind, Axpo intends to take advantage of synergies in the economically attractive photovoltaics business.

As the largest Swiss producer of renewable energies, Axpo continues to consistently pursue its strategy for profitable growth in the international business.

Axpo Holding AG

Corporate Communications

medien@axpo.com

T 0800 44 11 00 (Schweiz) 
T +41 56 200 41 10 (International)

(08.00 - 17.30)

More media releases

Show all

Company 28.03.2024

Strengthening security of supply: Axpo is giving a clear Yes to the new electricity law, assessing the potential of operating Beznau for longer, and is prepared to construct a reserve power plant

Read more

International business 20.10.2015

Axpo U.S. starts its activities by appointing Jeremy Wodakow as Managing Director

Read more

Company 21.09.2015

Board of Directors nominates Thomas Sieber as new Chairman

Read more