Econergy Acquires French Wind Energy Platform Escofi for €134 Million
Israel-based renewable energy company Econergy has acquired France’s Escofi, a wind energy platform with approximately 740 MW of capacity. The acquisition is valued at €134 million ($155 million) and marks Econergy's entry into the French market while significantly expanding its European wind asset base to 13 GW. Escofi operates in northern France’s Hauts-de-France and Grand Est regions, known for strong onshore wind conditions. Over 90% of Escofi’s operational and under-construction capacity is backed by long-term revenue contracts through France's Contracts for Difference (CfDs) regime. The company also recently secured additional CfD agreements at favorable prices above €80/MWh. Econergy expects the acquisition to strengthen its European presence, diversify cash flows, and provide a solid foundation for future growth in wind energy projects across Europe.
Topics: Europe expansion France market entry renewable energy wind power