Published on 26 February 2019 |

Total Eren signs a shares purchase agreement for the acquisition of NovEnergia Holding Company (NHC)

Total Eren signs a shares purchase agreement for the acquisition of
NovEnergia Holding Company (NHC)

Paris, 26th February 2019 – Total Eren, a leading renewable energy Independent Power Producer (“IPP”) based in Paris, is pleased to announce today the signature of a shares purchase agreement for the acquisition of NovEnergia Holding Company, a Southern European IPP.

Novenergia Holding Company (“NHC” or “the Company”) is a Luxembourg-based diversified renewable IPP, which has been active in Southern Europe since 2001. The Company holds a diversified portfolio of wind, solar and mini-hydro power plants representing a total net installed capacity of 657 MW and 47 fully operating assets. NHC’s activity is mostly focused on six European markets, namely Portugal, Italy, France, Spain, Bulgaria and Poland.

NHC benefits from a strong management in place with longstanding track-record in the renewable energy sector. The Company is valued at more than 1 Billion €.

Pâris Mouratoglou, Chairman of Total Eren, stated: “Acquiring the NovEnergia Holding Company deeply strengthens our footprint in the European market, where Total Eren already holds a historical and long-lasting presence in France, Greece and Italy. This new milestone underlines how Total Eren successfully achieved to establish itself as a leading industrial player in the renewable energy sector in less than seven years of existence”.

David Corchia, CEO of Total Eren, added: “I would like to deeply thank Total Group for its support in achieving the strategic acquisition of the NovEnergia Holding Company. This transaction once more illustrates the support of our financial shareholders and their ability to analyze and approve large and complex transactions. We now have a significant presence in Southern Europe but, more importantly, the NovEnergia experienced and talented teams with us”.


 

About Total Eren

Founded in 2012 by Pâris Mouratoglou and David Corchia, Total Eren has built up a substantial and diversified portfolio of wind, solar and hydroelectric assets representing an installed gross capacity of more than 1,600 MW in operation or under construction worldwide. Through partnerships with local developers, Total Eren is currently developing numerous energy projects in countries and regions where renewable energy represents an economically viable response to growing energy demand. Its objective is to achieve a global net installed capacity of more than 3 GW by 2022. On 1st December 2017, Total S.A, the major energy company, has acquired an indirect 23% interest in Total Eren. For more information, please visit www.total-eren.com

For more information, please contact:

Total Eren

Solange Petit de Bantel, Communication & Public relations Manager

T: +33 1 58 97 58 07 / M : + 33 6 18 23 76 99 / E:

Yannick Tetzlaff, Laura de Carné (Brunswick Group)

T: +33 1 53 96 83 83 / E:

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