VINCI subsidiary buys solar and storage developer Helios Nordic Energy for US$73 million
- Admin
- May 31, 2024
- 1 min read
French solar developer Sunmind, a subsidiary of construction firm VINCI Concessions, has acquired solar developer Helios Nordic Energy for US$73 million. Helios has developed 1GW of solar projects in the Nordics and sold around 300MW of ready-to-build projects to investors. The company has an 'extensive' pipeline of PV and battery energy storage (BESS) projects in development. Sunmind has mostly invested in the small-scale space and hopes to benefit from Helios’ expertise in the region. The Swedish solar sector has seen significant growth, with 4GW of capacity in operation by the end of 2023, including a 100MW PV project at Skavsta airport in Sweden.
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