Type
Business expansion
Country
France
Region
Méditerranée; Languedoc-Roussillon; Hérault
Location of affected unit(s)
Montpellier
Sector
Professional Services
Scientific, Architectural And Engineering Technical Activities
Architectural And Engineering Activities; Technical Testing And Analysis
71.12 - Engineering Activities And Related Technical Consultancy

100 jobs
Number of planned job creations
Job creation
Announcement Date
7 December 2023
Employment effect (start)
1 January 2024
Foreseen end date
31 December 2029

Description

Élément, a SME which is specialised in the production of green electricity, has announced a new €50 million round of funding, which will enable it to double its workforce from the current 100 to 200 by 2030. The company is developing a multi-sector approach to renewable energies (wind power, solar panels, hydroelectricity), and it engages in the construction and management of the infrastructures it designs. It builds and finances its projects with participatory investment from local and regional authorities. The funds raised will mainly be used to develop its projects in France, but also to expand in Finland, Italy and Germany.


Sources

Citation

Eurofound (2023), Éléments, Business expansion in France, factsheet number 200629, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200629.