What H2air SAS does

H2air SAS is an independent French renewable electricity producer founded in 2008 in Amiens by Roy Mahfouz. The company develops, constructs, and operates onshore wind farms and ground-mounted solar photovoltaic installations (agrivoltaic and floating) in France and selectively internationally. Its technology stack centers on Vestas wind turbines (models V110, V117, V126, V163, including the first V163 deployment in France at the parc des Pivoines), grid connection supported by privately financed electrical substations, and operations executed through two wholly-owned subsidiaries: H2air PX, which provides turnkey construction (civil works, foundations, electrical infrastructure, commissioning), and H2air GT, which provides technical and administrative management, monitoring, and maintenance across the 25-year operating life of each park. Specialized capabilities include agrivoltaic systems that co-locate solar generation with agricultural activity (sheep grazing, vineyards, as at Les Genêts, Les Jarosses, and the Fayet vineyard project), floating solar PV on artificial water bodies (Massettes in Lot), and biodiversity monitoring systems (Safewind bird detection and biomimetic drone testing) to minimize avian collision risk.

H2air monetizes electricity primarily through long-term Corporate Power Purchase Agreements (CPPAs), typically 15–20 years, with large industrial and financial off-takers including Groupe BPCE (49 GWh/year at the parc des Bleuets, covering approximately 30% of BPCE's own consumption, effective January 1, 2026) and Free/iliad (parc des Limodores, signed June 2025). Revenue is also generated via regulated feed-in tariffs won through competitive government tenders (appels d'offres) for wind and solar project development rights. Ancillary revenue streams include turnkey construction services to third-party developers (H2air PX), technical management and maintenance fees on third-party parks (H2air GT), and participatory financing campaigns via Lendosphere (€250,000 raised in 15 days for the Tulipes park). The customer base spans large enterprises seeking price-stable renewable supply, public institutions running tenders, third-party park owners, EPC counterparties, and local communities engaged through fiscal benefits (~€35 million in 20-year fiscal spillovers from H1 2023 commissioned parks) and citizen investment. Strategic capital from iCON Infrastructure (April 2025 partnership) funds continued portfolio expansion across wind and solar.

Name

H2air SAS

Legal name

H2air SAS

Website

https://h2air.fr

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

H2air SAS is an independent French renewable electricity producer founded in 2008 in Amiens, developing, constructing, and operating onshore wind farms and ground-mounted solar photovoltaic projects in France, selling output via long-term corporate PPAs and government competitive tenders.

Ownership category

akta.pro rank

Headquarters

HQ city

Amiens

HQ country

France

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Infrastructure, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Renewable Electricity Sales via CPPA: H2air generates revenue by selling electricity produced from its wind and solar parks under long-term Corporate Power Purchase Agreements (CPPAs) to industrial and financial clients. Contracts typically run 15-20 years (e.g., 20-year CPPA with Groupe BPCE effective January 2026 for the parc des Bleuets). Electricity is injected into the national grid and metered under regulated feed-in tariffs or tender-based pricing.
2. Competitive Tender Project Development: H2air develops and wins projects through competitive government calls for tenders (appels d'offres) for onshore wind and ground-mount solar. Winning projects grants long-term power purchase rights under regulated tariffs, securing project financing and enabling asset construction and operation.
3. Turnkey Construction Services: H2air PX subsidiary provides turnkey construction services for third-party wind and solar developers, including project management, civil works, foundations, roads, electrical connections, and commissioning. Revenue is earned as a fixed-price construction contract.
4. Technical & Administrative Management: H2air GT subsidiary provides ongoing technical operation, maintenance, monitoring, and administrative management of wind and solar parks owned by H2air or external third parties. Revenue is generated through management fees over the operational life of the parks.
5. Participatory Financing: H2air raises capital from local citizens through participatory financing platforms (e.g., Lendosphere) for project development and construction, offering preferential interest rates to residents of project host regions.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

H2air is an independent French renewable electricity producer that develops, constructs, and operates onshore wind farms and ground-mounted solar photovoltaic (including agrivoltaic and floating solar) installations. The group operates via two subsidiaries — H2air PX (turnkey construction) and H2air GT (technical and administrative management) — and sells electricity generated from its parks through Corporate Power Purchase Agreements (CPPAs) and government tender awards.

Product overview

H2air is an independent producer of renewable electricity offering an integrated lifecycle approach to wind and solar energy. The company operates through three main offerings: (1) Wind Farm Development and Construction, managed by the parent company, with turnkey construction delivered by subsidiary H2air PX; (2) Solar Farm Development and Construction for ground-mounted, floating, and agrivoltaic projects; and (3) Technical & Administrative Management of wind and solar assets via subsidiary H2air GT. The company also facilitates Corporate Power Purchase Agreements (CPPA) connecting renewable production with industrial and commercial buyers, and offers participatory financing options to local communities. The product portfolio includes named wind farms (Parc Eolien des Pivoines, Parc Eolien des Bleuets, Parc Eolien du Trèfle, among others) and solar installations (Centrale Solaire des Massettes, Centrale Solaire des Pins, Centrale Solaire des Arums) developed across France.

Differentiator

Problem solved

Functional benefit

Products and services

• Wind Farm Development
• Solar Farm Development
• Wind and Solar Park Construction (H2air PX)
• Wind and Solar Farm Technical Management (H2air GT)
• Corporate Power Purchase Agreements (CPPAs)
• Participatory Financing Campaigns

Quantifiable outcome

• 49 GWh/year production from the parc des Bleuets, supplying Groupe BPCE's data centers, HQ, and branches
• +5 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

21 partnerships are on record, tiered core and minor.

• Groupe BPCEcoreStrategic or Co-development Partner · 2 December 2025Groupe BPCE signed a 20-year Corporate Power Purchase Agreement (CPPA) with H2air on December 2, 2025. The contract covers the entire production of the parc éolien des Bleuets (7 turbines in Saint-Aubin-Montenoy, Somme), estimated at 49 GWh/year. Effective January 1, 2026, this agreement covers ~30% of BPCE's own energy consumption. H2air has been financing wind projects with BPCE for 8 years prior to this contract.
• Free (iliad)coreStrategic or Co-development Partner · 18 June 2025Free (iliad) signed its first French wind PPA with H2air, formalizing supply from the parc des Limodores in Haute-Marne. The signing ceremony took place on June 18, 2025 at the Limodores wind farm site.
• SER – Société des Équilibreurs de RéseauminorStrategic or Co-development Partner · 13 November 2023H2air is a member of SER (Société des Équilibreurs de Réseau), the French association of renewable energy balancing stakeholders.
• SynergiereminorStrategic or Co-development Partner · 16 September 2023H2air is a member of Synergiere, visible as a partner organization in the website footer logo section.
• Clarisse CrémerminorGTM or Marketing Partner · 5 September 2023H2air was a partner of sailor Clarisse Crémer for the Vendée Globe 2024, marking the company's 15th anniversary. The partnership was announced on September 5, 2023 at the Tours office event.
• Cler – Réseau pour la transition énergétiqueminorStrategic or Co-development Partner · 5 September 2023H2air is a member of CLER (Réseau pour la transition énergétique), a French association dedicated to energy transition, visible in the partner logo section of the website.
• WFO – World Forum for Renewable EnergiesminorStrategic or Co-development Partner · 5 September 2023H2air is a member of WFO (World Forum for Renewable Energies), participating in global renewable energy industry initiatives.
• Synergie RenouvelableminorGTM or Marketing Partner · 20 July 2023H2air was among the first 18 signatories of the Synergie Renouvelable charter, committing to fight against energy poverty through renewable energy solutions.
• WindEuropeminorStrategic or Co-development Partner · 8 June 2023H2air is a member of WindEurope, the European wind energy association, contributing to European wind industry advocacy and policy development.
• VestascoreTechnology or Integration · 1 June 2023Vestas is H2air's primary wind turbine supplier. Of the 37 turbines across the 5 parks commissioned in H1 2023, all were Vestas units. For the parc des Pivoines (2026 inauguration), H2air specified Vestas V163 turbines with 81.5m blades — a first in France.
• AMORCEcoreStrategic or Co-development Partner · 16 May 2023H2air signed the AMORCE-France Energie Eolienne charter on May 16, 2023, committing to enhanced dialogue and collaboration with local authorities at every stage of wind projects. H2air had been a member of AMORCE since 2022.
• France Energie Eolienne (FEE)coreStrategic or Co-development Partner · 16 May 2023H2air is an active member of France Energie Eolienne (FEE), signing the AMORCE-FEE charter and participating in FEE-organized events including the Colloque national éolien.
• Mouvement Impact FranceminorStrategic or Co-development Partner · 1 February 2023H2air is a member of the Mouvement Impact France, a network of companies committed to social and environmental impact.
• France RenouvelablesminorStrategic or Co-development Partner · 7 December 2022H2air is a member of France Renouvelables, the multi-technology renewable energy association, participating in industry advocacy and development initiatives.
• La Plateforme VerteminorStrategic or Co-development Partner · 16 September 2022H2air is a member of La Plateforme Verte, visible as a partner organization in the website footer logo section.
• EA Eco EntreprisesminorStrategic or Co-development Partner · 19 January 2022H2air is a member of EA Eco Entreprises, the eco-industry business network, visible as a partner organization in the website footer logo section.
• Muséum national d'histoire naturelleminorStrategic or Co-development Partner · 17 January 2020H2air partnered with the Muséum national d'histoire naturelle, ANRT, CESCO, Auddicé Environnement, and FEE on a doctoral thesis to understand and reduce the effects of wind turbines on nocturnal fauna (bats), contributing to biodiversity research.
• Centre d'Écologie et des Sciences de la Conservation (CESCO)minorStrategic or Co-development Partner · 17 January 2020Partner in the doctoral thesis on bat mortality at wind farms, contributing scientific expertise on nocturnal fauna protection.
• Association Nationale Recherche Technologie (ANRT)minorStrategic or Co-development Partner · 17 January 2020Co-funding partner for the doctoral thesis on wind turbines and biodiversity (bats), under the ANRT research partnership framework.
• LendosphereminorChannel Partner/ Reseller/ Distributor · 16 September 2019Lendosphere is the participatory financing platform used by H2air for citizen investment campaigns. In September 2019, H2air raised 250,000 euros in 15 days for the Tulipes park wind construction via this platform, exclusively targeting Hauts-de-France residents.
• Office de tourisme du Pays du CoquelicotminorGTM or Marketing Partner · 10 July 2019H2air signed a tourism partnership with the Pays du Coquelicot tourist office, training guides, producing educational materials, and organizing wind farm guided tours for visitors.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Neoen: Independent French renewable energy producer (listed on Euronext Paris) active in wind, solar, and storage, with similar corporate offtaker models and long-term PPAs. Comparable to H2air in product category (onshore wind + ground-mount solar) and target market (enterprise CPPAs) though at significantly larger scale.
• Akuo Energy: Independent French renewable energy developer and operator focused on wind, solar, and energy storage, with a strong emphasis on community integration and agrivoltaic projects. Closely comparable to H2air in operating geography (France) and technology mix, including a portfolio that overlaps H2air's wind + solar + agrivoltaic strategy.
• Boralex: Canadian independent renewable energy operator with a significant French wind and solar portfolio. Comparable to H2air as an independent (non-utility) renewable energy producer generating power sold through long-term contracts in France, though at larger scale and with North American operations as well.
• RES (Renewable Energy Systems): UK-headquartered independent renewable energy developer and operator active across onshore wind, solar, and storage in France and across Europe. Closely comparable to H2air in independent-developer business model, multi-technology scope, and reliance on tenders and corporate offtakers in European markets.
• Voltalia: French independent renewable energy producer developing, building, and operating wind, solar, and storage projects with a similar full-lifecycle model. Closely comparable business architecture to H2air (development + own EPC + own O&M), including a CPPAs business and operations across France and internationally.
• Valeco: Independent French wind and solar developer owned by EnBW. Comparable to H2air in product (onshore wind + solar), geography (France), and customer base (CPPA + tender awards), with similar full-lifecycle capabilities (development + construction + operation).

Broad incumbents

• Engie Green: Subsidiary of French utility Engie focused on onshore wind, solar, and renewable energy development in France. Comparable to H2air's product and customer overlap (CPPAs, tenders, wind + solar), but as part of a much larger utility group with broader portfolio and balance sheet.
• TotalEnergies Renewables: Renewable energy arm of TotalEnergies with significant French wind and solar activity. Overlaps with H2air in product and geography (French onshore wind + solar) but as a unit of a major integrated oil & gas major, giving it materially greater scale and balance sheet than H2air.
• EDF Renewables: Renewables arm of French utility EDF, one of the largest renewable energy developers and operators in France, with overlapping wind and solar development, CPPAs, and tender participation. Broader portfolio and larger balance sheet make EDF Renewables a broad incumbent rather than a like-sized peer.

Regional players

• Innergex: Canadian independent renewable energy producer with European operations including a French onshore wind portfolio. Comparable to H2air in independent IPP model and reliance on long-term contracts, though the primary market is North America rather than France.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/H2air_SAS
• YouTubeyoutube.com/channel/UCeBkWACqrrSjBHveKEgiHUA
• Facebookfacebook.com/H2airSAS
• LinkedInlinkedin.com/company/h2air-sas
• Instagraminstagram.com/h2air.fr

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about H2air SAS