Engie strengthens position in Portugal

Engie Portugal has acquired 100% of the capital of Ikaros Hemera, a company that operates in the Portuguese solar energy market in which it has a 10% market share.

Engie Portugal has classified the acquisition as a strategy that will enable the company to position itself as a “leader in decentralised solar energy in Portugal”.
According to the same source, Ikaros Hemera is a specialist in engineering, development, installation and operation of medium and large-scale solar systems for company clients.
Engie is one of the largest non-government owned European energy companies and is operating in Portugal via TrustEnergy. This company which is held in equal shares by the French/Japanese Marubeni, controls TrustWind and TurboGas (100%), in addition to TejoEnergy and Elecgas.
It is the second largest electrical energy operator in Portugal – after EDP – and the fourth in the wind energy sector.
According to the company “Engie Portugal, has over 500 employees and recently signed an agreement with EDP in the offshore fixed and floating wind farm segment” to “create a world leader in wind energy.”
The two companies are already partners in Windfloat, a floating wind farm project off the coast at Viana de Castelo.
“By joining the ENGIE Group, Ikaros Hermera gains an added capacity to develop innovative projects and to invest in client installations”, states Engie in a communiqué, emphasising that Ikaros Hemera “is the company that has been operating for the longest time in this activity in Portugal” with an installed capacity of 30 MWp (peak) and more than 20 MWp under its management.
According to Pedro Cruz, CEO of Engie Portugal, “Ikaros Hemera will continue installing ready-to-run photovoltaic systems and offering clients integrated solutions that can include the investment, maintenance and optimisation of the installations”