EDF Renewables is announcing the acquisition of a significant wind projects pipeline of around 300 MW under development across Germany from Altus AG, a major player in the German wind energy sector. Altus AG will pursue the local development of these projects closely with EDF Renewables up to the construction of the future windfarms.
Located in 10 different federal states, the projects are at various stages of the development process. The land lease contracts are secured and environmental studies are on-going.
Once fully permitted, the projects will participate to the onshore wind auctions organized by the German Federal Government in order to secure 20-year Power Purchase Agreements.
The commissioning of these wind farms is due to happen during the next five years.
The acquisition of these onshore projects is in line with EDF Renewables’ strategy aimed at developing, building, owning and operating renewable energy assets in a long-term perspective in Germany. First European country in terms of installed renewable energy capacity, this country is indeed a major market in which EDF Renewables has the ambition to strengthen its position by 2030 to be ranked among the significant players of the German wind energy market.
EDF Renewables already operates more than 580 MW of wind projects in Germany through its subsidiaries, among which 400 MW offshore wind capacity as an operation and maintenance service provider. In 2018, EDF Renewables has built and commissioned its first repowered wind farm in Thuringia.
Frédéric Belloy, Executive Vice President International Operations at EDF Renewables, stated: “We are delighted to partner with Altus to develop this large-scale wind energy pipeline. This deal is a good opportunity for EDF Renewables to strengthen its project development positions in Germany, a country which wants to reach 65% of renewable energy in its electricity consumption by 2030 (vs 27,4% in 2014). This new step in the country also fits the EDF Group’s CAP 2030 strategy aimed at doubling its renewable capacity, both in France and worldwide between 2015 and 2030”.
ABOUT EDF RENEWABLES (PREVIOUSLY EDF ENERGIES NOUVELLES)
EDF Renewables is a leading international player in renewable energies, with gross installed capacity of 13 GW worldwide. Its development is mainly focused on wind and solar photovoltaic power. EDF Renewables operates mostly in Europe and North America but is continuing to grow by moving into promising emerging regions such as Brazil, China, India, South Africa and the Middle East. The company has strong positions in offshore wind power, but also in other areas of the renewable energies industry such distributed energy and energy storage. EDF Renewables develops, builds, operates and maintains renewable energies projects, both for itself and for third parties. Most of its international subsidiaries bear the EDF Renewables brand. EDF Renewables is the EDF Group subsidiary specialising in developing solar and wind power.
About Altus AG
ALTUS AG is a major wind- and photovoltaic developer in Germany with headquarters in Karlsruhe and development hubs across Germany. ALTUS covers the entire value chain from greenfield site development, the engineering/procurement/construction, financing to the operation and commercial management of both technologies. ALTUS is well prepared to serve the new alliance and to continue its growth path.