Supporting the transition to a low-carbon economy
Low-carbon energy production infrastructure
Renewable energy generation capacity in operation or under construction by Cobra IS
Solar photovoltaic energy production
At the end of 2025, Cobra IS had a renewable energy production portfolio totalling over 5 GW, including assets in operation, under construction and ready to build (3.5 GW in 2024). The company has set the ambitious target to achieve at least 12 GW by 2030.
The company designated by Cobra IS to develop, build and operate renewable energy production, Zero.e, had an operational installed renewable capacity of 1.2 GW in Brazil in 2025, including the Belmonte solar farm. This figure includes two of the largest solar projects commissioned during the year: Lins (state of Ceará) and Panorama (state of Piauí), for a total of 615 MWp, and the construction of the Cristino Castro plant (more than 750 MW), whose start of operations is scheduled for early 2026.
In the United States, Cobra IS is finalising the construction of the Barrett and Bynum solar plants (a total of 248 MWp), which will produce 447 GWh of renewable energy per year, avoiding the emission of more than 182,000 tonnes of CO2 annually, and of three new plants in Texas: Camino (241 MW), Miranda (336 MW) and Blarney (108 MW). In Spain, Cobra IS is developing 2 GW of photovoltaic capacity across several provinces, including the Andarríos plant (62 MW). In Ecuador, Cobra IS commissioned the Villonaco 3 wind farm (110 MW), whose production will power about 30,000 households, i.e. a city of 120,000 residents.
Cobra IS also operates renewable electricity infrastructure on its own behalf, selling the produced energy through the company Eleia. Sales of green electricity in 2025 exceeded the 200 GWh sold in 2024 by about 5%.
By the end of 2025, Omexom (VINCI Energies) had participated in installing more than 10 GW of solar power generation capacity (8 GW in 2024). In 2025, Omexom reinforced its presence in renewable energies with two solar projects: an 8 MWp solar farm in Ireland for Terra Solar and a 35 MW installation in Belgium for Kristal Solar Park NV.
As part of its strategy to enhance land value and drive the energy transition, VINCI Concessions aims to develop 2.2 GW of renewable capacity across its infrastructure network in France and around the world. For this, the Group’s concessions are supported by its subsidiary, SunMind, which specialises in the development, construction and operation of solar photovoltaic plants and energy storage, and by the Solarvia brand, integrated at end-2025, which develops solar projects on land owned by VINCI Autoroutes, for example. SunMind operates in France, Portugal, the United Kingdom, the Dominican Republic and Northern Europe. It has a development portfolio of about 2 GWp of solar capacity and 1 GWh of battery energy storage systems.
The Concessions business also integrated CME in 2022, a company that develops wind, solar and energy storage systems in Morocco and Senegal, with a development portfolio of about 1.5 GW.
Other sources of low-carbon energy
The Group has bolstered its contribution to the energy transition by developing major projects in wind power, electricity storage and biofuels, through several of its subsidiaries around the world.
In May 2025, Dragados Offshore, in a consortium with Siemens Energy and on behalf of TenneT Offshore GmbH, finalised the transport and installation of BorWin5 (900 MW), a high-voltage direct current (HVDC) converter platform located near the He Dreiht wind farm in the German North Sea.
VINCI Construction companies are also actively building wind farms and energy storage solutions. In 2025, Cobra IS participated in the construction of a large second-generation biofuel plant in Southern Europe. Located in Palos de la Frontera (Huelva, Spain), the facility represents an investment of over €1.2 billion. It will have an annual production capacity of 500,000 tonnes of biofuels, including sustainable aviation fuel and HVO100, produced from agricultural waste and used oil.
Developing low-carbon mobility
VINCI Concessions continues to install new charge points, with over 3,000 chargers deployed throughout its network, of which more than 800 at VINCI Airports. In 2025, eliso, a subsidiary specialised in the deployment of electric vehicle charging infrastructure in Germany, won a 12-year contract to operate, develop and promote EV charging stations under the Deutschlandnetz programme. The contract covers the installation of 812 charge points at 108 sites in northern, central and north-eastern Germany.
Easy Charge, a joint venture between VINCI Energies and VINCI Autoroutes, is a major player in the deployment of electric vehicle charging infrastructure. It designs, builds, maintains and operates public charge points. Easy Charge has managed eborn, France’s largest public charging network, providing more than 3,150 EV charge points across the Auvergne-Rhône-Alpes and Provence-Alpes-Côte d’Azur regions, since 2020. In partnership with Fonds de Modernisation Écologique des Transports (FMET), it holds an eight-year concession contract for the network.
Energy renovation
Energy renovation for existing buildings is a key enabler for decarbonising the construction industry and is a fast-growing market. In 2025, VINCI’s renovation activities generated €2.7 billion of revenue (€2.4 billion in 2024). During the year, VINCI Construction continued to roll out its Rehaskeen® system, whose prefabricated insulation panels facilitate the large-scale thermal renovation of energy-intensive buildings.