EDF Renewables, a major global renewable energy player, has announced the acquisition of 17 Greenfield photovoltaic projects in Germany with a total capacity of 529MWp, from MEC Energy, a German project developer and part of the Düsseldorf-based MEC Group. EDF Renewables has been selected as a preferred bidder following a process launched by MEC Energy in 2022. The transaction was based on a conditional sale and purchase agreement, including development service arrangements for the 17 ground-mounted PV projects. Representing a total installed capacity of 529MWp, the pipeline contains individual project sizes of up to 99MWp situated across Lower Saxony, Saxony-Anhalt, Mecklenburg Western Pomerania and Brandenburg with expected ready-to-build dates between 2024 and 2025.Located in the northern and north-eastern parts of Germany, these photovoltaic projects under development will contribute to the EDF group strategy CAP 2030 which aims at more than doubling its renewable net capacity from 28GW to 60GW between 2015 and 2030.
EDF Renewables, a major global renewable energy player, has announced the acquisition of 17 Greenfield photovoltaic projects in Germany with a total capacity of 529MWp, from MEC Energy, a German project developer and part of the Düsseldorf-based MEC Group. EDF Renewables has been selected as a preferred bidder following a process launched by MEC Energy in 2022. The transaction was based on a conditional sale and purchase agreement, including development service arrangements for the 17 ground-mounted PV projects. Representing a total installed capacity of 529MWp, the pipeline contains individual project sizes of up to 99MWp situated across Lower Saxony, Saxony-Anhalt, Mecklenburg Western Pomerania and Brandenburg with expected ready-to-build dates between 2024 and 2025.Located in the northern and north-eastern parts of Germany, these photovoltaic projects under development will contribute to the EDF group strategy CAP 2030 which aims at more than doubling its renewable net capacity from 28GW to 60GW between 2015 and 2030.
