16 Oct 2023
Man in a red helmet working at a solar power plant

EY M&A advisor to OX2 on the sale of a 23MW French AgriPV project

Authors
Kinga Charpentier

EY Nordics Renewables Co-Lead; Partner, M&A and Debt Advisory, Ernst & Young Oy

Excited to help clients lead their organizations through the energy transition. Keen traveler, musician and sports enthusiast.

Aleksandar Stoilov

EY Global Renewables M&A Lead

Power and utilities advisor. Committed to supporting companies in their energy transition process.

16 Oct 2023

OX2, a leading European renewables developer, has signed an agreement to sell an AgriPV project of 23 MW, located in France to CVE.

The sale represents OX2’s first project divestment in France and the first AgriPV project for OX2.

This project located in the Loiret region, has been developed by OX2 and will consist of fixed-tilt solar panels over a flock of c. 300 sheep, with a total annual production of c. 29GWh. Construction will be carried out by CVE, a French independent producer of renewable energy, and commissioning is planned for the first quarter of 2026.

EY Corporate Finance acted as the exclusive M&A advisor for OX2 in the transaction and ran a highly competitive international auction process. The transaction highlights EY’s capabilities in providing first class integrated corporate finance services in highly competitive transactions with a cross-border team.

More information can be found on OX2's press release.

Below you can find a selection of EY's recent deal alerts and you can also find a more extensive list on our Strategy and Transactions page.

Summary

EY Corporate Finance acted as the exclusive M&A Advisor to OX2 in the divestment of an AgriPV project in France to CVE.

About this article

Authors
Kinga Charpentier

EY Nordics Renewables Co-Lead; Partner, M&A and Debt Advisory, Ernst & Young Oy

Excited to help clients lead their organizations through the energy transition. Keen traveler, musician and sports enthusiast.

Aleksandar Stoilov

EY Global Renewables M&A Lead

Power and utilities advisor. Committed to supporting companies in their energy transition process.