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EDP Renewables (EDPR) has reached agreements to acquire a 544MW wind and solar portfolio in the UK.
The transaction has been reached through two separate agreements with the renewable energy companies Vento Ludens and Wind2 for a total consideration of up to GBP 71 million, conditional to the successful achievement of pre-determined milestones for each project. The portfolio consists of 5 MW operating wind farm commissioned in 2012 with a 20-year feed in tariff, 192 MW of wind projects under advanced stage of development, which will be participating in the upcoming CfD rounds and in the UK private PPA market, aiming to enter in operation until 2025. It also consists of 347 MW of projects under development, including 229 MW of wind and 118 MW of solar.
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