Portugal’s EDPR enters the UK wind and solar market
EDPR has reached an agreement to acquire a 544 MW wind and solar portfolio in the United Kingdom. The Portuguese company has signed two separate agreements with the renewable energy companies Vento Ludens and Wind2 for a total consideration of £71m (€83m). The portfolio consists of a 5 MW operating wind park, 192 MW of wind projects under advanced stage of development, aiming to enter in operation by 2025. It also includes 347 MW of projects under development, including 229 MW of wind and 118 MW of solar.
This transaction will allow EDPR to establish its presence in the UK onshore market, since the group already has 1 GW of offshore gross capacity under construction and 0.9 GW under development, through Ocean Winds.
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