Wednesday, December 7 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Dec 05
Week of Nov 28
Week of Nov 21
Week of Nov 14
Week of Nov 07
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    EDPR wraps up acquisition of German solar developer Kronos

    October 6, 2022 - SeeNews Renewables


      October 6 (Renewables Now) - EDP Renovaveis SA (ELI:EDPR) has completed the acquisition of a 70% interest in German developer Kronos Solar Projects GmbH which has a portfolio of 9.4 GW of solar projects under development.

      The deal, which was agreed in July, has a price tag of EUR 250 million (USD 247.87m) plus a fee which will be due between 2023 and 2028, depending on the solar capacity delivered by Kronos in this period.

      Kronos Solar has operations and project experience across nine countries among them the Netherlands, France, Germany and the UK. Almost half of the projects in its 9.4-GW development pipeline are located in the home market. In the UK and Germany, the business focuses on the development of completely subsidy-free solar projects.

      With the acquisition, EDPR entered Germany and the Netherlands, expanding its operations to 12 European markets.

      The Madrid-based renewables company has an option to buy the remaining 30% in Kronos from its founders from 2028 onwards.

      (EUR 1 = USD 0.991)


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.