Credit Agricole SA announced on Friday that its environmental transition-focused unit, along with a consortium of investors, has acquired a stake of up to 32% in a 127-megawatt portfolio of wind farms in France.
The transaction was completed by a fund managed by Credit Agricole Transitions & Energies, though the purchase price and vendor details remain undisclosed.
The portfolio consists of 11 assets situated in the Bourgogne-Franche-Comte, Grand Est, and Hauts-de-France regions of eastern and northern France.
Collectively, these wind farms are capable of generating approximately 250 gigawatt-hours of electricity, which can power around 43,000 homes annually.
“This first investment by our Credit Agricole Energies & Territoires fund illustrates our strategy of acquiring production assets to locally supply Credit Agricole group customers with decarbonised energy,” said Laurent Perno, Director of EnR production and marketing at Credit Agricole Transitions & Energies.
The company aims to achieve 2 gigawatts of installed renewable energy capacity by 2028 as part of its commitment to financing renewable energy projects and supplying clean electricity.
