Rubis Photosol expands its activities in Europe
July 06 2023 - 12:30AM
Rubis Photosol expands its activities in Europe
06 July 2023, 07:30am CET
RUBIS PHOTOSOL EXPANDS
ITS ACTIVITIES IN EUROPE
- Rubis Photosol announces its
first investment in Italy with a portfolio of 10
photovoltaic and agrivoltaic projects totaling close to 100
MWp
- Rubis Photosol is also expanding in
Spain and Poland with the signing of two co-development
partnerships
Acquisition of a project portfolio in
Italy
Ranked among the top five photovoltaic
electricity producers in France, Rubis
Photosol has completed its first European
expansion with an investment in Italy, through the acquisition of a
portfolio composed of 10
photovoltaic and agrivoltaic
projects in the region of Lazio, for around 100
MWp. The acquisition of each of these projects is
conditional on the seller Ib Vogt
GmbH, one of the leading
utility-scale solar development
platforms, obtaining the RTB
("Ready-to-Build1")
status.
The deal is a firm commitment by Rubis Photosol
to purchase 10 identified projects over the next 12 to 18 months as
soon as they reach the RTB stage. The first two RTB projects were
acquired by Rubis Photosol on 28 June 2023. Their capacity reaches
25 MWp. Among the remaining eight projects, two have obtained
construction permits and six are at an advanced stage of
development. Construction will start at the end of 2023. All
projects in the portfolio will be commissioned in 2025 and 2026.
Investments for the realisation of this portfolio are estimated at
a maximum of 100 million euros (including land acquisition). Taken
as a whole, this portfolio of 10 projects will generate around 150
GWh of green electricity annually.
“This is Rubis Photosol's first acquisition
abroad, marking our determination to position ourselves as a go-to
developer and IPP in Europe thanks to the support from the Rubis
Group.Leveraging our expertise built up in France since 2008 and
the similarities between the Italian and French markets, this
acquisition will enable us to accelerate the building of our
integrated platform across the entire value chain. Our development,
construction and maintenance teams bring our know-how to a booming
market.” explains David Guinard, co-founder and CEO of Rubis
Photosol.
Launch
of development platforms in Spain and
Poland
Rubis Photosol is developing two other project
development platforms in Spain and Poland. In each of these two
countries, these subsidiaries have signed co-development
partnerships with experienced local players whose mission is to
identify and develop new solar and energy storage projects.
Rubis Photosol
is thus accelerating the deployment of its strategy on the
European market by building pipelines of solar projects and green
energy storage.
About Rubis Photosol
Founded in 2008, Photosol is one of France's
leading producers of photovoltaic electricity. With over
540 MWp in operation and under construction, and 3.7 GWp under
development, Photosol is positioned among the historic leaders in
the solar sector. Specialising in ground-mounted, agrivoltaic,
agricultural and tertiary rooftop installations, as well as parking
lot shading, Rubis Photosol develops and installs projects that
create value for their territory and for our partners.Invested for
the long term, Photosol teams design each installation to combine
performance and sustainability, then ensure their operation and
maintenance thanks to the expertise and proximity of our subsidiary
Photom.Keen to meet the challenges of decarbonisation and the
integration of renewable energies into the power grid, Photosol is
mobilising to deploy self-consumption solutions, long-term
electricity resale contracts (PPA), electricity storage and green
hydrogen production. Since 2022, Photosol has been a subsidiary of
the Rubis Group, whose ambition and financial strength are helping
to accelerate the development of activities in France and
abroad.
About Rubis
Rubis is an independent French group that has
been operating at the heart of energy for over 30 years, driven by
its mission to give as many people as possible access to reliable
and sustainable energy. The Group meets the essential needs of
individual customers in terms of mobility, cooking and heating, and
supplies the energy required for the operation of industry and
professionals. Aware of the energy sector’s key role in combating
climate change, Rubis is currently diversifying its business and
offering towards less carbon-intensive solutions. With around 4,500
employees across three regions (Africa, the Caribbean and Europe),
the Group relies on a decentralised structure and operates its
Energy Distribution, Renewable Electricity Production and Bulk
Liquid Storage (joint venture) activities in close harmony with
local requirements.Rubis is a signatory of the United Nations
Global Compact.
For more information
Press
Contact |
Investors Contact |
RUBISTel: +(33)
1 44 17 95 95 |
Clémence Mignot-Dupeyrot Tel: +(33) 1 45 01 87 44 |
presse@rubis.fr |
investors@rubis.fr |
1 Ready-to-Build: project fully permitted, land and
interconnection secured.
- Rubis Photosol expands its activities in Europe
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