EDP expands Polish solar presence with acquisition of installer Soon Energy

Apr 4, 2022 10:53 AM ET
  • EDP is to get Polish distributed solar company Soon Energy, allowing its presence in Poland to grow fivefold, the firm has actually declared, as it targets dispersed generation as a crucial growth location in the country.
EDP expands Polish solar presence with acquisition of installer Soon Energy
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Soon Energy has more than 25MWp set up in solar projects throughout Poland, of which 10MWp was installed in 2021, building up profits of EUR6 million (US$ 6.6 million).

The acquisition will certainly see EDP Commercial get to a neighborhood sales pressure of around 400 salesmen and a group with experience in giving sustainable energy remedies for the business segment, the business stated in a declaration

Going into the Polish market in 2020, EDP has supplied around 50GWh of energy to company customers as well as contracted more than 5MWp of ability in solar self-consumption projects in service customers.

EDP wishes to considerably grow its operations in Poland in the coming years and also intends to be one of the leading business in the dispersed solar power market, with a particular concentrate on the sale, building and construction as well as upkeep of decentralised solar installments with to 2025.

Soon Energy will certainly "help reduce prices for companies and also houses, shielding them from the volatility of the energy market," said Vera Pinto Pereira, EDP executive board member. "We are committed to growing strongly in the Polish market as well as believe that this acquisition is the right step to increase our aspiration."

Elsewhere, EDP intends to spend S$ 10 billion (US$ 7.39 billion) in renewables in the Asia Pacific (APAC) region by 2030 after closing its S$ 1.1 billion (US$ 813 million) acquisition of Singaporean programmer Sunseap.

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