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Acquisition of Iberdrola’s wind farms in France finalised

  • Corporate

An international consortium comprising EDF Energies Nouvelles, MEAG, acting as the asset manager of Munich Re, and GE Energy Financial Services, a unit of GE, has implemented a previously announced agreement with Iberdrola to acquire 30 wind farms in service in France with 305 MW in total gross capacity.

Under the agreement announced in January and now finalised, EDF Energies Nouvelles owns an interest of 20%, GE Energy Financial Services an interest of 40% and MEAG an interest of 40% in the assets.

EDF Energies Nouvelles will provide asset management, along with operations and maintenance services.

This transaction represents an opportunity for the three consortium partners to strengthen their portfolio of renewable energy assets in France.

About EDF Energies NouvellesEDF Energies Nouvelles is a market leader in renewable energy electricity, with a portfolio of more than 9 GW gross installed capacity focused for the most part on wind (onshore and offshore) and solar photovoltaic energy. Mostly operating in Europe and North America, EDF Energies Nouvelles continues its development by taking strong positions in promising emerging areas such as Brazil, Chile, China, India or South Africa. The Company is also present in other segments of the renewable energy market: marine energy, biomass and distributed energies. EDF Energies Nouvelles manages renewable energy projects’ development and construction as well as operation and maintenance for its own account and for third parties. EDF Energies Nouvelles is a subsidiary of the EDF Group dedicated to renewable energy.

MEDIA RELATIONSManon de Cassini-Hérail ▪ Tel : +33 {0} 1.40.90.48.22 ▪ e-mail : manon.decassini-herail@edf-en.com
Clarisse Placidoux ▪ Tel : +33 {0} 1.40.90.49.46 ▪ e-mail : clarisse.placidoux@edf-en.com