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Engie buys Ørsted’s French onshore operations

RICHARD HEAP

April 29, 2024

French utility giant Engie has agreed to buy Ørsted’s French onshore wind and solar business in a deal that is due to close by the end of June.

Engie is acquiring Ostwind International, Ostwind Engineering and their subsidiaries. The companies have 54MW of projects in operation, a further 24MW under construction, and a pipeline of early-stage projects.

The deal means Ørsted will have no remaining activities in France.

Kieran White. senior vice president and head of onshore region Europe at Ørsted, said: “As part of our updated business plan, we revised our build-out ambitions towards 2030 with an emphasis on where we believe we can realise the most value for Ørsted. Building on this plan, we’ve decided to concentrate our efforts on the UK, Irish, German, and Spanish markets for onshore wind and solar, in Europe.”

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