28.01.2019

FEIH, co-owned by ENGIE and Crédit Agricole Assurances, reaches 1.5 GW of solar and wind capacity

Five years after it was incorporated, FEIH (Futures Energies Investissements Holding), co-owned by ENGIE (50%) and Crédit Agricole Assurances (50%), has tripled its initial portfolio, today reaching 1.5 GW of solar and wind capacity.

Established in 2013 with an initial acquisition of 440 MW of wind farms, FEIH has continued to invest in wind and solar power generation in France through a solid partnership that has enabled it to build a portfolio reaching 1.5 GW. All the farms are operated by ENGIE Green, ENGIE’s dedicated renewable energy entity in France.

“The relationship of mutual trust between our teams and those of Crédit Agricole Assurances combined with our complementary areas of expertise have enabled ENGIE to increase its capacity for growth tenfold and to strengthen its leading position in solar and wind power,” said Gwenaelle Huet, CEO of ENGIE’s France Renewables entity.

Crédit Agricole Assurances, France’s leading insurance company, is continuing its long-term institutional investment strategy, which is illustrated through the financing of major projects contributing to the energy transition. “The new investments made at the end of 2018 alongside our partner ENGIE have helped Crédit Agricole Assurances to strengthen its presence in energy transition infrastructure, a sector in which it is France’s largest investor,” stated Jean-Jacques Duchamp, Deputy Managing Director of Crédit Agricole Assurances.

Serge Savasta, Managing Partner of Omnes: “We are delighted to continue to support Crédit Agricole Assurances in managing this unique partnership with ENGIE, the leader in renewable energy in France. The acquisitions at the end of 2018, and particularly solar photovoltaic assets, have diversified the portfolio further and are helping to accelerate the platform’s growth.”

We are a global energy and services group, focused on three core activities: low-carbon power generation, mainly based on natural gas and renewable energy, global networks and client solutions. Driven by our ambition to contribute to a harmonious progress, we take up major global challenges such as the fight against global warming, access to energy to all, or mobility, and offer our residential customers, businesses and communities energy production solutions and services that reconcile individual and collective interests.

Our integrated - low-carbon, high-performing and sustainable - offers are based on digital technologies. Beyond energy, they facilitate the development of new uses and promote new ways of living and working.

Our ambition is conveyed by each of our 150,000 employees in 70 countries. Together with our customers and partners, they form a community of imaginative builders who invent and build today solutions for tomorrow.

2017 turnover: 65 billion Euros. Listed in Paris and Brussels (ENGI), the Group is represented in the main financial (CAC 40, BEL 20, Euro STOXX 50, STOXX Europe 600, MSCI Europe, Euronext 100, FTSE Eurotop 100, Euro STOXX Utilities, STOXX Europe 600 Utilities) and extra-financial indices  (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

To learn more : www.engie.com

Crédit Agricole Assurances, France’s leading insurance company, combines the insurance subsidiaries of Crédit Agricole. The Group offers a range of savings, pension, health, provident and property insurance products and services.  They are distributed by Crédit Agricole banks in France and in nine countries around the world by asset management consultants and general agents. Crédit Agricole Assurances’ clients include private individuals, professionals, farmers and businesses. Crédit Agricole Assurance has 4,400 employees. Its turnover at the end of 2017 totalled €30.4 billion (IFRS standards). www.ca-assurances.com

Omnes is a leading Paris-based European investor in private equity and infrastructure. With €3.6 billion of assets under management, Omnes provides SMEs with the capital needed to finance growth. The firm has dedicated investment teams across three key areas: Venture Capital, Buyout & Growth Capital and Infrastructure. Omnes is a pioneer in the energy transition, having raised Capenergie, its first fund dedicated to renewably energy, in 2006. Since then, its infrastructure team has made over 40 investments in renewable energy projects and companies across Europe, deploying €900 million. In 2016, Omnes widened its energy transition product offer by launching Construction Energie Plus, the first French fund entirely focused on the construction of high-environmental-performance buildings. Omnes is owned by its employees. Omnes is committed to ESG issues and has set up the Omnes Foundation in aid of children’s charities. It is also a signatory to the United Nations Principles for Responsible Investment (PRI). www.omnescapital.com