French renewable energy producer CVE Group announced a $119 million capital injection from UK asset manager Intermediate Capital Group plc, which will be used to fund the company’s expansion. CVE Group is eyeing 2.3 GW of capacity in operation and under construction by 2025, which would be an eight-fold increase from the current level. Over 50% of this capacity will be deployed outside France, mainly in the US, Chile and some African markets.