On the offensive, RATP returns to profitability and reduces its debt. RATP returned to profitability last year with a profit of 217 million euros. Traffic in Ile-de-France increased by 1.7%, but remains well below 2019 levels. The new CEO, Xavier Piechaczyk, welcomes a solid financial foundation for the future. Published March 13, 2026 at 12:13 Premium Reserved for our Premium subscribers Xavier Piechaczyk, former president of electricity network operator RTE, freshly appointed head of RATP to succeed Jean Castex, will lead a reorganized group. In 2025, its net result returned to profitability, with a profit of 217 million euros, compared to a loss of 25 million the previous year (excluding the exceptional capital gain realized in 2024 from transferring real estate assets to its social housing subsidiary). Operating profit increased by 114% in one year, to 373 million euros, reflecting the recovery of the public corporation RATP, overseeing historical operations, and its subsidiary RATP Dev, responsible for networks outside Ile-de-France. As for the group's revenue, it climbed 11% to 7.9 billion euros, 'driven by strong growth momentum of subsidiaries (+29%) in France and internationally,' according to a press release. These results 'constitute a solid foundation to fulfill our public service missions, contribute to financing the massive investment effort on the Parisian network, and establish our development to prepare our future,' the new CEO of the Régie congratulates. This content is reserved for Premium and Business Premium subscribers Access 100% of our articles to shape your strategic decisions!

Friday, 03 May 2024This contract, of an unprecedented scale for RTE, marks an acceleration in the development of offshore farms and positions France among the few European nations building large offshore high voltage direct current converter stations.In the presence of Bruno le Maire, Minister of the Economy, Finance and Industrial and Digital Sovereignty and Roland Lescure, Minister Delegate in charge of Industry and Energy, Xavier Piechaczyk, Chairman of the Management Board of RTE, Laurent Castaing, Managing Director of Chantiers de l'Atlantique and Niklas Persson, Managing Director of Hitachi Energy's Grid Integration business, have reached a historic agreement for the construction of the first offshore direct current platforms and onshore converter stations for the Normandy (Centre Manche 1 & 2) and Oléron Island offshore wind farms.These platforms, with a higher power (1250 MW) and a larger size than the alternating current ones, equipping the first French offshore wind farms, underscore the scale up needed in the production of offshore renewable electricity.The new generation of offshore wind farms is more powerful and located further away from the coast, taking advantage of stronger and more favorable winds. In order to connect these offshore farms to the onshore electricity grid, it is necessary to use direct current, a technology capable of transporting electricity over very long distances. In Normandy and Oléron, the high voltage direct current (HVDC) transmission systems by Chantiers de l'Atlantique and Hitachi Energy will enable the integration of more than 3.5 GW of renewable energy into the RTE network.Following an international call for bids, RTE, the project owner of the connection of offshore wind farms, has selected the Chantiers de l'Atlantique and Hitachi Energy consortium to carry out the execution of offshore and onshore conversion stations for the future offshore wind farms in Normandy and Oléron.“We're proud to continue our long-standing collaboration with RTE to help bring renewable power to the French grid” said Niklas Persson, Managing Director at Hitachi Energy's Grid Integration business. “The multi-project business model enables us to focus on our core technology and reflects our strategy to secure clear visibility of the future and, based on this, we are already hiring to expand our global delivery capacity.”With more than a dozen offshore platforms built for wind farms in France and throughout Europe, Chantiers de l'Atlantique is a leader in the manufacture, construction, integration and turnkey delivery of the largest maritime structures.Hitachi Energy's expertise in HVDC technology is recognized globally and has been selected for the IFA2 and Bay of Biscay interconnections, between Great Britain and France as well as Spain and France.With a total amount of 4.5 billion euro, this contract highlights RTE's industrial strategy and supply policy, which will be at the core of its future strategic network plan for the next 15 years. It demonstrates RTE's capacity, through its investments in the national electricity transmission network, to support employment and value creation in France and Europe. Almost all of the economic benefits from the construction of these platforms will thus take place in Europe, including almost half in France, particularly within Chantiers de l'Atlantique, the largest shipyard in Europe.For the construction of the three offshore platforms to be built in Saint-Nazaire, Chantiers de l'Atlantique will double its production capacity for electrical platforms, investing nearly 100 million in this expansion