EDF bags 529MW German solar portfolio
- The 17 development-stage projects mark the firm's initial PV growth pipe procurement in the nation
EDF Renewables has actually acquired a 529MW portfolio of development-stage solar projects from German wind and solar designer MEC Group.
The portfolio, making up 17 projects, is expected to reach ready-to-build standing in 2024 and 2025.
The projects are located throughout the areas of Lower Saxony, Saxony-Anhalt, Mecklenburg-Western Pomerania and also Brandenburg with specific project abilities varying in between 8MW and also 99MW.
They make up the first solar project growth pipeline obtained by EDF in Germany.
Watson Farley & Williams recommended MEC Energy on the sale in addition to on the verdict of a growth solutions agreement for the projects up until ready-to-build status is attained.
The WFW Germany Hamburg Corporate group that advised MEC Energy was led by Partner Wolfram Böge that said: "We are pleased to have actually encouraged MEC Energy on this key solar project pipeline sale to EDF.
" Our participation highlights WFW Germany's expertise in suggesting on huge scale renewables deal in the business space and also our ability to skillfully handle complicated co-development structures including the growth of projects until RTB stage."
