In 2022, Acciona Energía announced its entry into the French market by acquiring Eqinov, a company that specialized in services across three main business lines. These services included financing for energy efficiency projects, energy consumption flexibility valorization, and energy efficiency consulting services. Eqinov was known for being one of the leading operators in the French market for Energy Efficiency Certificates. They also offered remote control of customers’ energy consumption and participated in electricity system’s capacity and demand response mechanisms.
Acciona Energía plans to focus on ramping up activities such as self-consumption, energy as a service, and energy performance contracting in the French market. Rafael Mateo, CEO of Acciona Energía, stated that the company has identified potential investment opportunities in energy transition and aims to triple its turnover in France by 2030. He also highlighted the country’s progressive policies and forward-thinking approach towards renewable energy as reasons for Acciona’s interest in expanding its range of energy services in France.
With headquarters in Paris, Acciona Energía’s French business combines Eqinov’s energy and decarbonization services with its renewable energy solutions and self-consumption projects. The company serves a portfolio of over 3,100 clients in France and has a team of 70 professionals spread across Aix-en-Provence, Bordeaux, Lyon, Nantes, and Paris. Acciona Energía is focused on leveraging these resources to enhance its presence and offerings in the promising French renewable energy landscape.
Acciona Energía’s acquisition of Eqinov was a strategic move that allowed them to expand their reach into the French market while gaining expertise in new areas such as financing for energy efficiency projects and remote control of customers’ energy consumption. This move will enable them to provide more comprehensive services to their clients while also positioning themselves as leaders in the growing French renewable energy sector.
The company is well positioned to take advantage of the government’s progressive policies towards renewable energy development while leveraging its existing expertise in decarbonization services provided by Eqinov. With a team of experienced professionals spread across different regions of France, Acciona Energía is poised to become a key player in shaping France’s transition towards a sustainable future.
Overall, Acciona Energía’s entry into the French market through the acquisition of Eqinov represents an exciting opportunity for both companies to expand their reach while offering innovative solutions to their clients. With a focus on self-consumption,energy as a service ,andenergy performance contracting , Acciona Energía is well positioned to capture significant growth opportunities while contributing positively towards France’s green agenda .
