VINCI announces the acquisition of Helios Nordic Energy, which develops large-scale solar farms and energy storage solutions in Sweden
- Acquisition by SunMind, subsidiary of VINCI Concessions, of 100% of Helios Nordic Energy (“Helios”) for an initial amount of €73 million
- Helios is a Swedish company specialising in developing solar farms and batteries to store energy
VINCI Concessions, through its subsidiary SunMind, concluded an agreement to acquire 100% of Helios, a Swedish company specialising in developing solar farms and batteries to store energy. It operates in northern Europe (primarily in Sweden and the Baltic countries) and develops projects until they become Ready to Build (RTB).
Currently 40%-owned by Magnora ASA, a Norwegian investment fund, Helios shareholders also include the company’s management team and a few minority investors.
The amount agreed for 100% of the capital totalled €73 million, alongside a proportion of Helios revenues over the next five years.
The transaction is expected to be finalised in June, once regulatory approvals have been received.
This acquisition will enable SunMind to enrich its expertise in renewable solar energy. In Sweden, it is currently developing a 100 MWp photovoltaic project at Skavsta airport, previously managed by VINCI Airports. The company also operates in France, Portugal and the United Kingdom.
SunMind designs, finances, builds and operates photovoltaic power plants on behalf of companies and communities with the ambition of accelerating their solarization and decarbonization.
A 100% subsidiary of VINCI Concessions dedicated to solar energy, SunMind is developing self-consumption, injection or long-term electricity purchase contracts (off-site PPA) projects in several European countries.
https://sunmind.co / @SunMind (Linkedin)
VINCI Concessions is an international player in transport infrastructure. We leverage our integrated model to design, finance, build, operate and maintain more than 90 airports, highways and rail projects in 24 countries, through our subsidiaries VINCI Airports, VINCI Highways and VINCI Railways. We are committed to shared growth with regions, and are actively making mobility ever more sustainable, efficient and innovative.
