[the_ad id="121217"]

popular articles

EDF Renewables acquires 17 greenfield photovoltaic projects

EDF Renewables has announced the acquisition of 17 photovoltaic projects in Germany developed by MEC Energy, with a total capacity of 529 MWp. This acquisition strengthens EDF's presence in Germany as part of its renewable development strategy.

Please share:

The EDF Renewables Group has announced the acquisition of 17 greenfield photovoltaic projects in Germany. With a total capacity of 529 MWp, these projects are developed by MEC Energy, a German subsidiary of the Düsseldorf-based MEC Group.

Projects located in the north and north-east of Germany

The photovoltaic projects are located in the north and north-east of Germany, more precisely in Lower Saxony, Saxony-Anhalt, Mecklenburg-Western Pomerania and Brandenburg. They are part of EDF’s CAP 2030 strategy, which aims to more than double its net renewable capacity from 28 GW to 60 GW between 2015 and 2030.

An acquisition based on a conditional sale and purchase agreement

EDF Renewables was selected as the preferred bidder following a process initiated by MEC Energy in 2022. The transaction was based on a conditional sale and purchase agreement, including development service agreements for the 17 ground-mounted photovoltaic projects. These projects are expected to be commissioned between 2024 and 2025.

This acquisition adds to EDF Renewables’ existing portfolio of approximately 180 MW of onshore wind power in Germany. It thus contributes to the German government’s climate target of 80% renewable electricity by 2030.

A beneficial cooperation for MEC Energy

In the meantime, the MEC Energy team has access to EDF Renewables’ project execution, utility experience, financial position and international network through this cooperation. MEC Group combines extensive experience in renewable energy with experience in the IT and telecommunications sector under the MEC Energy brand.

Encouraging prospects for both companies

Johnathan Fraser, CEO of EDF Renewables Germany, welcomed the transaction, which will enable the company to support the local energy transition in Germany with 529 MWp of new PV projects by 2025. Alexander Dierkes, CEO of MEC Energy, said the acquisition of the 17 PV projects is an important step for the company, which is looking forward to further growth in the renewable energy sector.

Capcora acted as exclusive M&A advisor to MEC Energy.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Faced with pressing climate challenges, the Global Energy Scenarios 2024 report highlights three crucial steps to achieve carbon neutrality: strengthening renewable energy, electrifying industrial sectors, and addressing residual emissions.
Solar inverter provider Sungrow has announced the supply of equipment for a major solar power plant in Brazil, with a capacity of 902 MWp, aiming to provide clean energy to a million households by 2025.
Solar inverter provider Sungrow has announced the supply of equipment for a major solar power plant in Brazil, with a capacity of 902 MWp, aiming to provide clean energy to a million households by 2025.
With a solar project integrating thermal storage and photovoltaics, Turfan in Xinjiang surpasses 10 billion kWh of annual production from renewable energy sources, marking a milestone in local energy transition.
With a solar project integrating thermal storage and photovoltaics, Turfan in Xinjiang surpasses 10 billion kWh of annual production from renewable energy sources, marking a milestone in local energy transition.
Hydro-Québec plans to diversify its energy sources by launching two tenders for an additional 300 MW of solar energy. This initiative supports Quebec's 2050 carbon neutrality goal.
Hydro-Québec plans to diversify its energy sources by launching two tenders for an additional 300 MW of solar energy. This initiative supports Quebec's 2050 carbon neutrality goal.
[the_ad id="121209"]
[the_ad id="121211"]
TotalEnergies ENEOS has finalized a 1.8 MWp floating solar system for S. Kijchai Enterprise in Thailand, allowing savings of 1,125 tons of CO2 per year and strengthening their transition to clean energy.
QatarEnergy acquires 50% of TotalEnergies' solar project in Iraq, aiming to diversify the country’s energy sources and reduce import dependency, supporting Baghdad's ambitions for energy independence.
QatarEnergy acquires 50% of TotalEnergies' solar project in Iraq, aiming to diversify the country’s energy sources and reduce import dependency, supporting Baghdad's ambitions for energy independence.
Solarcentury Africa and Sino Energy launch a pioneering solar project in Namibia without long-term purchase agreements, marking a significant advancement for renewable energy in Southern Africa.
Solarcentury Africa and Sino Energy launch a pioneering solar project in Namibia without long-term purchase agreements, marking a significant advancement for renewable energy in Southern Africa.
The Ilute solar project, with a capacity of 25 megawatts, is part of Zambia's strategy to diversify its energy mix and strengthen resilience to climate challenges.
The Ilute solar project, with a capacity of 25 megawatts, is part of Zambia's strategy to diversify its energy mix and strengthen resilience to climate challenges.
[the_ad id="121213"]
[the_ad id="121214"]
BP completes acquisition of remaining shares in Lightsource bp, aiming for expansion in large-scale renewable energy with a 62 GW pipeline across 19 global markets.
AMPYR Solar Europe announces the financial close of its 96 MWp solar project in Noordoostpolder. This solar farm will power 30,000 homes and reduce CO2 emissions by 36,000 tonnes annually.
AMPYR Solar Europe announces the financial close of its 96 MWp solar project in Noordoostpolder. This solar farm will power 30,000 homes and reduce CO2 emissions by 36,000 tonnes annually.
Arctech, the global leader in solar tracking and racking solutions, strengthens its position in the MEA region by supplying 2.3 GW of SkyLine II solar trackers for a major project in Saudi Arabia, in partnership with ACWA Power.
Arctech, the global leader in solar tracking and racking solutions, strengthens its position in the MEA region by supplying 2.3 GW of SkyLine II solar trackers for a major project in Saudi Arabia, in partnership with ACWA Power.
Thanks to the Inflation Reduction Act and a surge in solar installations, U.S. solar production capacity has skyrocketed, but uncertainties around supply chains and costs are slowing sustainable growth.
Thanks to the Inflation Reduction Act and a surge in solar installations, U.S. solar production capacity has skyrocketed, but uncertainties around supply chains and costs are slowing sustainable growth.
Antaisolar and Bahra Electric join forces to establish a plant in Jeddah, aiming for an annual production capacity of 24 GW by 2027, through an innovative joint-venture.
Terra Firma is launching two solar power plants in South Africa, with a total capacity of 110 MWp, on the Hammanskraal and Rietfontein sites in the Gauteng region.
Terra Firma is launching two solar power plants in South Africa, with a total capacity of 110 MWp, on the Hammanskraal and Rietfontein sites in the Gauteng region.
Tunisia has launched a call for tenders for 200 MW of photovoltaic solar capacity, marking a new stage in its energy strategy.
Tunisia has launched a call for tenders for 200 MW of photovoltaic solar capacity, marking a new stage in its energy strategy.
The Gleichen solar project, in partnership with Ermineskin Cree Nation and TIU Canada, aims to generate 13 MW of electricity, with commissioning expected in March 2025.
The Gleichen solar project, in partnership with Ermineskin Cree Nation and TIU Canada, aims to generate 13 MW of electricity, with commissioning expected in March 2025.
[the_ad id="121219"]
Soleos Energy, in partnership with Melci, inaugurates a 200 MW solar project in Haut-Katanga, aiming to provide clean electricity to over one million residents and stimulate local economic growth.
Plenitude begins construction of a 220MW solar plant in Villarino de los Aires, Spain. This major project in the Castilla y León region aims for an annual production of over 400 GWh.
Plenitude begins construction of a 220MW solar plant in Villarino de los Aires, Spain. This major project in the Castilla y León region aims for an annual production of over 400 GWh.
Lightsource bp and Google have commissioned the 188 MW Honeysuckle Solar project in St. Joseph County, Indiana.
Lightsource bp and Google have commissioned the 188 MW Honeysuckle Solar project in St. Joseph County, Indiana.
Sumitomo Corporation establishes a partnership with CEP Solar to launch solar and energy storage projects totaling 1.5 GW in Virginia, thereby supporting the state's energy transition goals.
Sumitomo Corporation establishes a partnership with CEP Solar to launch solar and energy storage projects totaling 1.5 GW in Virginia, thereby supporting the state's energy transition goals.
The Russian Deputy Prime Minister announces that the decision to increase oil production by OPEC+ in December remains uncertain, due to market fluctuations and global demand.
Nexif Ratch Energy has completed the financial phase of its 145MWp Bacolod Solar Project in the Philippines, marking a significant step in the development of renewable energy in the region.
Nexif Ratch Energy has completed the financial phase of its 145MWp Bacolod Solar Project in the Philippines, marking a significant step in the development of renewable energy in the region.
The Kirikmäe Solar Park, with a capacity of 77.53 MW, becomes the largest in the Baltic states. This project, developed by Evecon and Mirova, meets the annual needs of 35,000 Estonian households.
The Kirikmäe Solar Park, with a capacity of 77.53 MW, becomes the largest in the Baltic states. This project, developed by Evecon and Mirova, meets the annual needs of 35,000 Estonian households.
TOYO Co., Ltd plans to establish a 2 gigawatt solar cell manufacturing plant in Ethiopia, leveraging favorable investment policies and the country's hydropower supply.
TOYO Co., Ltd plans to establish a 2 gigawatt solar cell manufacturing plant in Ethiopia, leveraging favorable investment policies and the country's hydropower supply.

Advertising