Rubis becomes an integrated multi-energy group
Strategic acquisition of 80% of Photosol France to accelerate the transition to renewable energies and decarbonation.
Rubis through its newly formed division, Rubis Renewables, is entering the photovoltaic segment with the acquisition of Photosol for €376 million.
This is one of the most dynamic segments in the renewable market with +630 GW per annum of additional capacity expected worldwide by 2030.
Rubis Renewables will reach over 1GW of installed capacity by 2025, with the ambition to own and operate at least 2.5 GW of installed capacity by 2030.
“The combination of Rubis know-how with the specific skills of Photosol teams will allow us to develop new projects and become a leader in France regarding both ground-mounted and rooftop plants,” said Clarisse Gobin-Swiecznik, Rubis' Managing Director.
The deal for leading French solar energy players Photosol was based on a €376 million cash payment.
Photosol founders and current management team stays on board to accompany future growth and developments along Rubis Group.
