France's Theolia has just bought out Natenco GmbH, a major private European wind energy developer and operator, which is based in Germany.

The deal for Theolia is thought to be that;

Theolia and Natenco offer complementary business models. Theolia’s model focuses on development, construction, and operation of wind parks for its own account. Natenco undertakes similar activities but principally for third parties.

Plus, Nantenco has a healthy looking set of accounts.

Meanwhile, France has a target of 13,500 MW of wind turbines by 2010. Massive growth then, considering they only had 390 MW at the beginning of 2005. I'm not all that sure that this is achievable. So it's quite shrewd for Theolia to diversify out of France, just in case the opportunities aren't quite what the optimists say they are.