In a move signaling its deepening commitment to renewable energy expansion in Europe, Velto Renewables announced on November 12, 2025, the acquisition of the remaining 50% stake in the Les Ilots Blandin floating solar plant from Q ENERGY. This milestone positions Velto Renewables as the sole owner and operator of one of France’s largest floating solar facilities, reinforcing its strategic focus on sustainable power generation and long-term community value creation.

Velto Renewables’ complete acquisition of the Les Ilots Blandin solar plant underscores the company’s growing influence in the European renewable energy sector. Located in Perthes, Haute-Marne, the 74.3 MW project spans 127 hectares and integrates over 135,000 photovoltaic panels floating on water — an innovation that enhances efficiency while minimizing land use. The plant began construction in September 2023 and achieved full commissioning by June 2025, supplying renewable power equivalent to the annual needs of 37,000 people. Beyond energy output, its environmental impact is substantial, preventing more than 18,000 tonnes of CO₂ emissions annually.

The Les Ilots Blandin project showcases how financial partnerships can drive sustainable energy progress. Secured in September 2024, over $55.76 million (€50 million) in funding was raised through Credit Agricole Transitions & Energies and Bpifrance, reflecting confidence in the project’s long-term viability. Velto Renewables’ initial 50% stake acquisition earlier in 2025, supported by its institutional backer La Caisse, marked a significant step toward full ownership. This structure not only stabilized the project’s financing but also ensured consistent development momentum. With this final acquisition, Velto is poised to leverage operational control to optimize performance and maximize economic returns while advancing France’s renewable energy goals.

The Les Ilots Blandin plant operates under a 20-year Feed-in-Tariff contract awarded under France’s PPE2-2 solar tender, which secured 71 projects at an average strike price of $69.95/MWh. This agreement guarantees stable returns while promoting affordable, clean energy. The project’s hybrid configuration — combining a 2 MW ground-mounted system with the floating installation — exemplifies innovation in renewable asset design, ensuring enhanced energy efficiency and site optimization. With full operational authority, Velto Renewables is set to lead the plant’s long-term success, fostering community development and environmental stewardship across the region.

Velto Renewables’ full ownership of the Les Ilots Blandin floating solar plant marks more than just an acquisition — it’s a testament to the company’s vision for sustainable energy leadership in Europe. By uniting technical innovation, strategic financing, and environmental responsibility, Velto continues to drive a cleaner, greener future for France and beyond.

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