JPee and GDS, together with Banque des Territoires, signed an MoU to combine into a single independent French renewables producer holding more than 1.2 GW of operating assets, 400 MW of ready-to-build projects and a development pipeline above 5 GW, with a target completion in Q1 2027. The entity would focus on onshore wind and solar PV in France, self-consumption and storage, and holds a 400 MW portfolio in Italy. The transaction remains subject to employee consultation and regulatory approvals.