History

A key player in the French energy sector, supported, since 2008, by an institutionalized shareholder: the Caisse des Dépôts et des Consignations

Creation of the VALECO Group

Gilbert Gay, a nature-lover engineer passionate about new technologies, founded the company VALECO in 1989. At this time:

  • the general understanding that fossil fuels will inevitably run out starts to show,
  • renewable power technologies are just beginning to be developed.

Armed with its innovative spirit, Valeco developed its know-how and experience in this transition context. The family business, today run by Erick Gay, became in a few years, a major player in the French energy sector.

In 2008, the Caisse des Dépôts et des Consignations, a financial institution of the French government, decides to acquire a 30% stake in the capital of the Group (this share is of 35.56% today). The 22.8 million euro input made it possible to:

  • strengthen the capital base of Valeco Group;
  • reach the ambitious national objectives regarding renewable energy production.

 

 

The VALECO Group continues its development

Since then, the VALECO Group has continued to develop in France and internationally, in countries with strong potential and stability.

Present in Canada since 2012, the Group strengthens its presence on the American continent by opening an office in Mexico in 2015. Keeping a constant eye on the most promising markets, the export department also works on new opportunities in the Maghreb, Asia and more generally across the entire American continent.