EDP Renewables, specialized in solar and wind farms, marks a major turning point in the French energy sector. This success was made possible by the submission of proposals by the French Energy Regulatory Commission (CRE). For the first time, this call for tenders sets the feed-in tariff for four solar farms simultaneously.
EDP Renewables’ technological turnaround
Firstly, this victory marks an important milestone in the development of large-scalesolar power in France, for both EDP Renewables and Kronos Solar EDPR. Secondly, these projects illustrate the technological shift taken by EDP Renewables on the French market, in line with the strategic positions taken worldwide by the EDP Group in its 2023-2026 Business Plan. By accelerating the diversification of its technological mix, the company is seeking to broaden its capacity to meet the challenges of the energy transition and strengthen its position in France, Europe and worldwide. It is in this context that solar energy will play a key role in France’s energy transition.
EDP Renewables in France
EDP Renewables has been operating in France for over 15 years, with an installed capacity of more than 600 MW. In 2023, the company began construction of its first photovoltaic project in France, in collaboration with Kronos Solar. The company’s long-standing expertise is based on the successful commissioning of 80 projects. These are located in nine countries, with a portfolio of over 9 GW of solar projects at various stages of development. EDP Renewables (Euronext: EDPR) is a leader in renewable energy production. It is present in 28 international markets across Europe, Latin America, North America and Asia-Pacific.
About Kronos Solar EDPR
Kronos Solar EDPR is a leading solar farm development company based in Germany. The company also operates in three other European countries: the Netherlands, the UK and France. In 2022, EDPR acquired 70% of its shares. Germany, Kronos’ home market, accounts for almost 50% of the solar development portfolio acquired.
