EnBW’s takeover of Valeco

Published June 2019

Everoze was delighted to act as technical advisor to EnBW in their acquisition of Valeco, a French developer of wind & solar photovoltaic projects. Everoze performed a technical due diligence on the company’s portfolio, totalling 2,318 MW (early and late development/in construction/in operation) and undertook a corporate review of the company’s development, construction and operation organisation. A particular focus was the large pipeline of projects at various stages of development, and the review of land securement, engagement and consenting, grid connection and energy production to define central, upside and downside scenarios for the valuation of each project.

Everoze employed its industry leading Due Diligence on Demand process, ensuring a robust risk assessment, smooth communication and continuous identification of open or risk items within a fast-paced and challenging bidding environment.

Dirk Güsewell, Senior Vice President, Generation/Portfolio Development commented: “The takeover of Valeco was an important acquisition for EnBW given our ambition to become one of the top-5 wind & solar market players in France. Everoze supported us to stay ahead of the competition as they are client-focused, have a great market insight, and are flexible to adapting timelines in a dynamic process. They worked as one team with EnBW staff, our financial and legal advisors in order to find pragmatic solutions when needed.”

The Everoze team was led by French partner Jérôme Jacquemin supported by Brieuc Pey, Alexander Klein, Arnaud Eté, Ragna Schmidt-Haupt and Thiébault Mura.