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EDF Renewables Acquires 300 MW of Wind Power Projects in Germany

Power News - Published on Fri, 13 Sep 2019

Image Source: evwind.es
EDF Renewables announced the acquisition of a significant wind farm projects pipeline of around 300 MW under development across Germany from Altus AG, a major player in the German wind energy sector. Altus AG will pursue the local development of these projects closely with EDF Renewables up to the construction of the future windfarms. Located in 10 different federal states, the wind turbines projects are at various stages of the development process. The land lease contracts are secured and environmental studies are on-going. Once fully permitted, the projects will participate to the onshore wind auctions organized by the German Federal Government in order to secure 20-year Power Purchase Agreements. The commissioning of these wind farms is due to happen during the next five years.

The acquisition of these onshore projects is in line with EDF Renewables’ strategy aimed at developing, building, owning and operating renewable energy assets in a long-term perspective in Germany. First European country in terms of installed renewable energy capacity, this country is indeed a major market in which EDF Renewables has the ambition to strengthen its position by 2030 to be ranked among the significant players of the German wind energy market.

Mr Frederic Belloy, Executive Vice President International Operations at EDF Renewables, stated that “We are delighted to partner with Altus to develop this large-scale wind energy pipeline. This deal is a good opportunity for EDF Renewables to strengthen its project development positions in Germany, a country which wants to reach 65% of renewable energy in its electricity consumption by 2030 (vs 27,4% in 2014). This new step in the country also fits the EDF Group’s CAP 2030 strategy aimed at doubling its renewable capacity, both in France and worldwide between 2015 and 2030”.

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Posted By : Rabi Wangkhem on Fri, 13 Sep 2019
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