EDF Renewables announces the acquisition of a portfolio of wind projects with a capacity of around 300 MW currently under development in Germany, from Altus AG, a German player very well established in this sector. Altus AG will continue the development of these projects in close collaboration with EDF Renewables until the start of construction of the future wind farms.
Located in ten different Länder, the projects are at various stages of development.
Land leases have been concluded and environmental studies are underway.
After obtaining all the required authorizations, the projects will participate in calls for tenders organized by the German federal state with a view to securing electricity sales contracts over twenty years.
The commissioning of the wind farms is expected to take place within the next five years.
The acquisition of these onshore wind projects is part of EDF Renewables' strategy to develop, build, own and operate long-term renewable energy installations in Germany. This country, the first in Europe in terms of installed renewable energy capacity, represents a major market for the company which wishes to become a significant player in wind power there by 2030.
EDF Renewables already operates more than 580 MW of wind farms through subsidiaries, including 400 MW of offshore wind capacity as a provider of maintenance services. In 2018, EDF Renewables built and commissioned its first project to refurbish an end-of-life facility (“ repowering ») in Thuringia.
Frédéric Belloy, Executive Vice-President for International Operations of EDF Renewables, declares: “ We are delighted to enter into this partnership with Altus around the development of this portfolio of large-scale wind projects. This operation offers EDF Renewables the opportunity to strengthen its positions in terms of project development in Germany, a country whose objective is to increase the share of renewables in electricity consumed to 65 % by 2030 (compared to 27.4 1TP3Q in 2014). Reaching this new milestone in Germany is also part of the EDF Group's CAP 2030 strategy, which aims to double, between 2015 and 2030, its renewable capacities in France and around the world. ".
ABOUT EDF RENEWABLES (formerly EDF Energies Nouvelles)
EDF Renewables is an international leader in renewable electricity with an installed capacity of nearly 13 GW gross worldwide. Its development is mainly focused on wind power and photovoltaic solar power. Mainly present in Europe and North America, EDF Renewables continues its development by taking a position in promising emerging markets such as: Brazil, China, India, South Africa and the Middle East. The Company, which is strongly positioned in the offshore wind sector, is also present in other renewable energy sectors such as energy storage. EDF Renewables ensures the development and construction of renewable energy projects as well as their operation and maintenance, for its own account and on behalf of third parties. EDF Renouvelables is the subsidiary of the EDF group dedicated to the development of solar and wind energy.
For more information : www.france.edf-powersolutions.com
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PRESS CONTACTS EDF Renewables
Daniel DaCosta
such. : +33 (0)1 40 90 48 22
e-mail : daniel.dacosta@edf-en.com
Clarisse Placidoux
such. : +33 (0)1 40 90 49 46
e-mail : clarisse.placidoux@edf-en.com
About Altus AG
ALTUS AG is a leading wind and photovoltaic developer in Germany. Based in Karlsruhe, the company has various development centers in Germany. ALTUS covers the entire value chain, from new site development, engineering/procurement/construction, financing through to operation and commercial management of both technologies.
ALTUS is ready to participate in the new alliance and continue its growth.