📄 Deal: ALTAREA has acquired Prejeance Industrial for an enterprise value of $150mn, including a goodwill commitment of $27mn. Founded in 2019, Prejeance specializes in the development of small to medium-sized rooftop photovoltaic projects, between 100 and 500 kWp, on agricultural sheds, commercial and public buildings, and canopies.
🌱 Product Expansion: Enerdatics observes that this move will help Altarea expand its product portfolio in the French real estate space. The firm is focused on low-carbon urban transformation and has the experience and recognized brands required to design, develop, market, and manage tailor-made real estate products.
🔋 400+ MW Scalable Portfolio: Prejeance currently owns and operates 42 MWp of installed capacity in France, while developing a 400 MWp project pipeline including 41 MWp under construction. The company is also evaluating opportunities in ground-mounted and floating solar.
🗺️ Strategic Roadmap: The deal enhances the French solar PV installation and development platform that Altarea implemented in 2023, as part of the new activities segment of its strategic roadmap.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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