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RADIANCE Energy joined the Climate Dividends initiative to measure its contribution towards the energy transition.

For this first year, based on the production of 2023, RADIANCE Energy will distribute 75 Climate Dividends to its shareholder EURAZEO, corresponding to as many tCO2e avoided. It was a key step in our climate action to work towards a robust method to account the positive impact of generating low carbon electricity. This is only the beginning; RADIANCE Energy is working on many new solar plants to become operational over the coming years.

What are Climate Dividends?

Climate Dividends are a reflection of the positive climate impact measured by avoided CO2 emissions. Like financial dividends, Climate Dividends show value creation – just for the climate. They offer tangible proof that EURAZEO’s investment is contributing to global carbon neutrality.

This first distribution marks the commitment of RADIANCE Energy to driving real, measurable impact on climate change.

While these dividends hold no financial value and can’t be traded or monetized, they are a powerful testament to the efforts of RADIANCE Energy toward a more sustainable future.

The transition of the business model towards the production of photovoltaic solar energy has been intiated in 2021.

Based on a vast experience and with the backing of a new key strategic shareholder, RADIANCE ENERGY has expanded its activities across the whole value chain and aims to to become a leading European independent solar power producer.

The company is planning to surpass 500 MWp of solar photovoltaic plants in operation by 2030.

Jean-Marc Bazenet has been appointed as the Group’s new CEO in January 2024, following the complete acquisition of Ikaros Solar by global investment company EURAZEO, now the company’s sole shareholder.

The new Managing Director brings over 20 years’ experience in the energy and renewables sector. He previously led wind and photo voltaic projects in 9 countries as Managing Director of VSB Group. For 15 years, he held key roles at EDF Group, including CEO of EDF Renewables Germany.

The new contracts include ambitious rooftop solar projects in Caen, France, and Gent, Belgium, marking a substantial step forward in their collaboration. This expansion underscores the deepening relationship between the two companies and their joint commitment to advancing sustainable energy solutions.