At what enterprise value was Eolia Renovables acquired in 2021?

You can find the full valuation details of Eolia Renovables on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA.

What was the EV/EBITDA of Eolia Renovables when it was acquired by ENGIE / CRÉDIT AGRICOLE ASSURANCES?

The estimated EV/EBITDA multiple for Eolia Renovables is in the range of 10x - 18x. Join our community for free to access full valuation data and industry trends.

When was Eolia Renovables acquired by ENGIE / CRÉDIT AGRICOLE ASSURANCES?

Eolia Renovables was acquired by ENGIE / CRÉDIT AGRICOLE ASSURANCES in 2021.

What was the EBITDA of Eolia Renovables during the acquisition?

Eolia Renovables's EBITDA is estimated to be in the range of 100M - 200M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the Eolia Renovables acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the Eolia Renovables deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.ca-assurances.com/publication/engie-et-credit-agricole-assurances-annoncent-lacquisition-de-lun-des-plus-grands-producteurs-independants-denergie-renouvelable-en-espagne/

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Home DatabaseEolia Renovables

11/2021

ENGIE / CRÉDIT AGRICOLE ASSURANCES take majority stake in Eolia Renovables

SPAIN Power Generation / Renewables / Wind EV 1b - 4b EUR

Context

ENGIE and Crédit Agricole Assurances announced in June 2024 the completion of a joint acquisition of Eolia Renovables, a Spanish developer and operator recognised as one of the country’s largest independent renewable power producers. Eolia Renovables, founded in 2008, has built a diversified portfolio of on‑shore wind and solar installations across multiple regions of the Iberian Peninsula, and has secured long‑term power purchase agreements with a range of industrial and utility off‑takers. The transaction, subject to customary antitrust clearances and shareholder approvals, follows a period of strategic outreach by both acquirers to consolidate market positions in the European renewable sector. The acquisition aligns with ENGIE’s long‑term objective of expanding its renewable generation capacity in Southern Europe, reinforcing its vertical integration strategy and providing a platform for cross‑border synergies with existing assets in Spain and Portugal. From the perspective of Crédit Agricole Assurances, the deal represents a growth‑oriented external acquisition that mobilises its capital resources to support the transition to low‑carbon energy while diversifying its investment portfolio. Both parties anticipate that the combined expertise in asset development, financing and operational optimisation will generate incremental value through economies of scale, enhanced procurement leverage and shared risk‑management frameworks. Post‑closing, the integration plan foresees the incorporation of Eolia’s operational teams into ENGIE’s renewable business unit, with a focus on standardising asset management processes and exploiting the joint buyer’s access to capital markets for future project pipelines. The expected outcome is a more robust generation platform capable of delivering higher availability rates, improved forecast accuracy and accelerated commissioning of new capacity, thereby contributing materially to the acquirers’ decarbonisation targets and to the broader European renewable energy objectives.

Eolia Renovables, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN.

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

Target

Eolia Renovables is an independent producer of renewable electricity, principally from on‑shore wind farms complemented by utility‑scale solar photovoltaic assets. The company is vertically integrated, overseeing project identification, land acquisition, permitting, financing, EPC execution, commissioning, and long‑term operation and maintenance. Its revenue model is anchored in the sale of generated power to national transmission system operators, wholesale market participants, and corporate off‑takers through long‑term power purchase agreements. Founded in the late 2000s as part of the Eolia Group, the firm has expanded its portfolio through organic development and strategic acquisitions, achieving a diversified asset base across multiple jurisdictions. Its operational footprint encompasses the Iberian Peninsula—Spain and Portugal—as well as select markets in France and Italy, where it leverages local regulatory expertise and grid interconnection experience. Eolia Renovables’ client roster includes regulated utilities, independent power marketers, and large‑scale industrial consumers seeking renewable supply. The company’s value proposition rests on its technical competence in wind resource assessment, its ability to secure project financing on favourable terms, and its commitment to asset optimisation throughout the operational lifecycle.

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REFERENCES

Valuation range: EV 1b - 4b EUR

EBITDA range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Eolia Renovables by ENGIE / CRÉDIT AGRICOLE ASSURANCES are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: eolia renovables

Acquirer: crédit agricole assurances / engie