Urbasolar and Swiss electrician AXPO create a European leader in photovoltaic

Montpellier, France - AXPO and Urbasolar Group announce the signing of an acquisition contract of 100% of the latter's securities by AXPO.

This operation aims to consolidate and stimulate the growth of Urbasolar which becomes the photovoltaic operator within the Group with the ambition to create a European leader, and secondly for AXPO group to acquire a new competence in its strategy for the development of renewable energies.

Urbasolar group, based in Montpellier, is one of the main players in the French photovoltaic sector, specialist of this technology and first winner of the tenders launched by the French Government, accustomed to the innovations technologies in particular original solutions for optimizing the performance of photovoltaic power plants.

Urbasolar, since its inception in 2006 by Stéphanie Andrieu and Arnaud mine, has developed and built more than 457 large-sized power plants. Urabsolar is representing more than 350 MW built and under construction and about 1 GW under advanced development. The Group has more than 160 collaborators for a turnover of 2018/2019 expectedto 120 Million €.

AXPO, the leading Swiss producer of renewable energy with numerous hydroelectric works, has established a leading European position in this field with a strong activity in the development of wind farms through its subsidiary German Volkswind.

Source: IWR Online, 02 May 2019