EDP Renewables Expands French Solar Portfolio with 42 MWp Acquisition

• EDP Renewables strengthens its position in the French market with the acquisition of 42 MWp of solar projects, combining renewable energy with agricultural activities.

EDP Renewables has purchased a portfolio of over 42 MWp of solar projects in the New Aquitaine region of southern France. The bundle includes four photovoltaic schemes, three of which will combine solar power production with agricultural activities. The projects will be installed on degraded land and are expected to be operational between 2025 and 2028. The financial details and the name of the vendor were not disclosed. EDP Renewables currently owns over 600 MW of installed power capacity in France and sees this acquisition as a strategic move to strengthen its position in the competitive French market.

EDP Renewables has acquired a portfolio of over 42 MWp of solar projects in southern France. The bundle includes four photovoltaic schemes, three of which will combine solar power production with agricultural activities. The projects will be installed on degraded land and are expected to be operational between 2025 and 2028. The financial details and the name of the vendor were not disclosed. EDP Renewables sees this acquisition as a strategic move to strengthen its position in the competitive French market, where it currently owns over 600 MW of installed power capacity.

What is the significance of EDP Renewables' acquisition of solar projects in southern France?

• The acquisition of solar projects in southern France by EDP Renewables is significant for several reasons:
• It allows EDP Renewables to expand its presence in the French renewable energy market, which is known for its competitiveness.
• The acquisition strengthens EDP Renewables' position as a key player in the solar energy sector in France, where it already owns over 600 MW of installed power capacity.
• The portfolio of solar projects includes four photovoltaic schemes, three of which will combine solar power production with agricultural activities. This integration of solar power and agriculture is a growing trend in the renewable energy industry, as it maximizes land use and promotes sustainable practices.
• The projects will be installed on degraded land, which means that they will contribute to the revitalization and rehabilitation of these areas. This aligns with EDP Renewables' commitment to environmental sustainability and responsible land use.
• The operational timeline of the projects, between 2025 and 2028, indicates a long-term investment by EDP Renewables in the French solar market. This demonstrates the company's confidence in the growth potential of solar energy in the region.
• The financial details and the name of the vendor were not disclosed, but the acquisition signifies EDP Renewables' commitment to expanding its renewable energy portfolio through strategic investments.
• Overall, the acquisition of solar projects in southern France by EDP Renewables is a significant move that not only strengthens the company's position in the French market but also contributes to the development of renewable energy and sustainable agriculture in the region.