Capcora Advises: MEC Energy Sells 529 MW Solar Portfolio to EDF Renewables in Germany

Frankfurt/Main, Germany - EDF Renewables has purchased 17 ground-mounted photovoltaic projects in Germany from MEC Energy.

The photovoltaic projects under development in the north and north-east of Germany, with a capacity of 529 MW, will contribute to the EDF Group's CAP 2030 strategy. This aims to more than double net renewable energy capacity from 28 GW to 60 GW between 2015 and 2030.

EDF Renewables was selected as preferred bidder following a tender process launched by MEC Energy in 2022. The transaction is based on a conditional sale agreement that also provides for development services for the 17 ground-mounted PV projects. The pipeline comprises a total installed capacity of 529 MWp, with individual projects of up to 99 MWp located in Lower Saxony, Saxony-Anhalt, Mecklenburg-Western Pomerania and Brandenburg and expected to be completed between 2024 and 2025.

The German consulting company Capcora acted as exclusive M&A advisor on the sell side for MEC Energy. Henning Prigge, Director at Capcora and responsible for the transaction, comments: "We are proud to have played a key role in this transaction as exclusive M&A advisor on the sell side, bringing together two committed players in the thriving renewable energy industry in Germany. This acquisition by EDF Renewables further solidifies MEC Energy's position as a rising player in the solar sector, as they continue to grow and develop innovative projects."

Source: IWR Online, 01 Mar 2023