One of them should soon result in Germany

Theolia sees life in pink. Taking advantage of the growth of wind energy, renewable energy-based electricity producer sparked a craze last month by launching its capital increase. The operation was sur-souscrite three times and allowed to raise EUR 25 million. A sum that will be added additional EUR 30 million that the Dutch investment fund GO Capital has placed in the electric company.

Remains that these EUR 55 million will not too much to finance Theolia consuming ambitions. Based in Aix-en-Provence, the company plans to operate more than 100 MW of installed capacity by the end of the year with more than 80 MW of already obtained permits, representing an investment of the order of EUR 130 million. Better still, as of 2007, the electrician has improved capacity to an average of 150 MW per year to 550 MW by 2009. According to the prospectus of the MFA, the acquisition of these additional capabilities should require each year 200 million EUR of investment, which could be funded up to 20 by using own funds and 80 financial debt.

No doubt history to mobilize its resources, the company has also just forth its environmental activity, dedicated especially to the management of waste, and merge it with that of Swiss granite. 56 Of the new holder group, Theolia does not hide its intention to gradually disengaging from its subsidiary, in order no doubt to a total output next year. An assignment which, according to some experts, could he bring 20 million euros. In short, the Corporation intends more that never focus on the production of electricity from renewable energy. And, left to multiply redemptions. "Different acquisitions are under negotiation, says Jean-Marie Santander, President of the Executive Board of Theolia." One of them should soon result in Germany. In General, our interest is focused on companies that have the profile of Ventura (Editor's Note: a French company acquired in 2005, specializing in projects of wind power plants). "In fact, by 2010, Europe will nearly double its capacity in the wind, which was estimated year last 40,000 MW. Anxious to take advantage of the phenomenon, Theolia group it is positioned on some key wind energy markets. Starting with the Germany, where he acquired last November three wind power plants for EUR 33.8 million, but also the Spain market regarded today as one of the most dynamic in Europe. Finally, in France, the Group hopes to benefit from sustained growth since the France, late in the development of its fleet, has reached an installed capacity of approximately 7,000 MW in 2010 against only 660 MW today.

Anticipate the maturity of the market

The company also intends to continue to build on other renewable energies. This example is the case in Belgium, where the Group has created a Theolia Belgium, a company specialized in the production of electricity from biogas, natural gas and cogeneration. The same approach prevails in Spain in the field of solar energy. The Group has production in 2007, mainly in the country, between 1 and 3 MW. "The wind energy market should reach maturity in Europe four to six years." "It is therefore for us to anticipate new relays for growth in other sectors", concludes Jean-Marie Santander.

BOX .

The company in figures

-Turnover (estimated end of 2006, over 18 months): 47 million

-Current installed capacity in the wind: 16 MW

-Objective end-2006: 100 MW

-Solar: objective of 1 to 3 MW (in Spain)