EDF Renewables acquires 529 MWp photovoltaic portfolio in Germany from MEC Energy
Press release Berlin, February 28, 2023 EDF Renewables, a major global renewable energy player, announces the acquisition of 17 greenfield photovoltaic projects with a total capacity of 529 MWp in Germany from MEC Energy, a German project developer and part of the Düsseldorf-based MEC Group. 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 28 GW to 60 GW between 2015 and 2030. 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 529 MWp, the pipeline contains individual project sizes of up to 99 MWp situated across [...]