Lhyfe and EDP renewables sign corporate PPA
Under this 15-year PPA, Lhyfe will buy renewable energy generated by a 39 MWac (55 MWp) solar project in Germany developed by EDP Renewables, through Kronos Solar EDPR, that is expected to be connected to the grid during 2025. We are happy to be able, through Kronos Solar EDPR, to contribute to these goals by partnering with Lhyfe, whose
EDPR acquires 70% stake in Kronos Solar Projects for €250m
Portuguese renewable energy company EDP Renováveis (EDPR) has acquired a 70% stake in Germany-based Kronos Solar Projects for a €250m ($256m) consideration, Reuters has reported.. Kronos currently has a 9.4GW solar project portfolio located across the UK, Germany, France and the Netherlands.
EDP completes the acquisition of a solar development
Lisbon, October 6th, 2022: Following the information released to the market on July 29th 2022, EDP - Energias de Portugal, S.A. ("EDP"), through its 74.98% owned subsidiary EDP Renováveis, S.A. ("EDPR"), informs that the acquisition of a 70% stake in Kronos Solar Projects GmbH ("Kronos"), a solar developer company based in Germany, is completed.
EDP secures its first PPA in Germany
Lisbon, January 24th, 2024: EDP - Energias de Portugal, S.A. ("EDP"), through its 71.27% owned subsidiary EDP Renováveis, S.A. ("EDPR"), informs that EDPR, through Kronos Solar EDPR ("Kronos"), has secured a 15-year Power Purchase Agreement ("PPA") with Lhyfe S.A. ("Lhyfe"), a European producer and supplier of green and renewable hydrogen with whom EDPR has a
Google chooses EDP Renewables for long-term energy contract
Kronos Solar EDPR, a solar developer company based in Germany that is majority owned by EDP Renewables, has signed a long-term PPA with Google to offtake part of the production of clean energy by four photovoltaic plants that Kronos Solar EDPR is developing in The Netherlands. This agreement is the first PPA secured by Kronos Solar EDPR in the country
EDP Renovaveis SA
EDP, through EDP Renewables, has begun the construction of its first utility-scale renewable energy project in Germany, materializing the ambition it has set out for developing clean energy in the country.. The Ketzin project, located in Brandenburg, west of Berlin, was developed through Kronos Solar EDPR, a company acquired by EDP in 2022, the
Investoren | edpr KRONOS
EDP Renewables hat im Jahr 2022 eine Vereinbarung über den Erwerb von 70 % der Anteile an der Kronos Solar Projects GmbH getroffen. Die Kronos-Gründer bleiben mit 30 % an dem Unternehmen beteiligt und sind weiterhin in das tägliche
EDP Renewables seals its first long-term photovoltaic
The Power Purchase Agreement, signed through Kronos Solar EDPR, is the first secured by EDP Renewables in Germany; EDPR intends to operate around 500 MW of solar capacity by 2026 in the country. EDP Renewables (EDPR), leader in the development of renewable energy worldwide, signed a Power Purchase Agreement (PPA) with Lhyfe, a
EDPR acquires solar development platform based in
EDP Renewables has reached an agreement to acquire a 70% stake in Kronos Solar Projects GmbH ("Kronos"), a solar developer company based in Germany. Kronos is currently fully owned by its Founders, which will
EDPR inks EUR 250m acquisition to enter German, Dutch solar
EDP Renovaveis SA (ELI:EDPR) has clinched a deal to buy a 70% interest in German developer Kronos Solar Projects GmbH which has a portfolio of 9.4 GW of solar projects under development with its home market accounting for nearly half of it.
Google chooses Kronos Solar EDPR for long-term energy
With this solar portfolio, EDP Renewables has currently secured around 50% of its total global capacity, as the company expects to deploy around 17 GW of green energy by 2026. Germany, which is Kronos'' domestic market, represents close to 50% of the acquired solar development portfolio. With the "Easter Package" legislation, approved
Kronos Solar EDPR begins construction of its first two
Kronos Solar EDPR is a solar developer company based in Germany and with operations in other three European countries – Netherlands, UK, and France -, in which EDP Renewables acquired a 70% stake in 2022. Germany, that is
Germany | EDP Renewables
EDPR entered Germany in 2022 by acquiring 70% of Kronos Solar, a local company specializing in solar energy. This is a strategic market in Europe, as it has ambitious renewable energy targets and will help us strengthen our
EDPR informs about the closing of a deal to acquire a solar
Madrid, October 6 th 2022: Following the information released to the market on July 29 th 2022, EDP Renováveis, S.A. ("EDPR") is pleased to announce the completion of the acquisition of a 70% stake in Kronos Solar Projects GmbH ("Kronos"), a solar developer company based in Germany. Kronos has a lean development team with a long-term expertise on solar
EDP selected by large US-based tech company to
EDP entered Germany in 2022 through the acquisition of Kronos Solar EDPR, a solar developer company based in Germany and with operations in Netherlands, UK, and France. We currently has a strong pipeline of projects in different stages of development ans expects to install around 500 MWp by the end of the decade.
Investors | edpr KRONOS
EDP Renewables reached an agreement in 2022 to acquire a 70% stake in Kronos Solar Projects GmbH Kronos Founders will retain a 30% stake in the company and continue involved in the daily management of the business. (7.5 GWac) of solar projects in different stages of development in Germany (4.5 GW), France (2.7 GW), the Netherlands (1.2 GW
EDPR acquires solar development platform based in Germany
The founders of Kronos Solar Projects GmbH ("Kronos") have reached an agreement to sell a 70% stake in the company to EDP Renováveis, S.A. ("EDPR"), a subsidiary of EDP group focusing on renewable energy production. The founders will retain a 30% stake in the company and continue to be involved in the daily management of the business.
Kronos Solar EDPR begins construction of its first
Kronos Solar EDPR, a solar developer company based in Germany that is majority owned by EDPR, has started the construction of two photovoltaic projects in The Netherlands. COO of EDP Renewables at Europe & LATAM. Kronos Solar EDPR has a lean development team with a long-term expertise based on a track record of more than 1.4 GW through 80
Google chooses EDP Renewables for long-term energy contract
With this solar portfolio, EDP Renewables has currently secured around 50% of its total global capacity, as the company expects to deploy around 17 GW of green energy by 2026. Germany, which is Kronos'' domestic market, represents close to 50% of the acquired solar development portfolio. With the "Easter Package" legislation, approved
Google chooses EDP Renewables for long-term
With this solar portfolio, EDP Renewables has currently secured around 50% of its total global capacity, as the company expects to deploy around 17 GW of green energy by 2026. Germany, which is Kronos'' domestic
EDP Renewables starts production of its first
With the acquisition of Kronos Solar EDPR, EDP Renewables has penetrated new markets, including the Netherlands and Germany, establishing a presence in 13 European countries. Kronos Solar EDPR has a track record of successful
EDP Renewables starts production of its first photovoltaic project
With the acquisition of Kronos Solar EDPR, EDP Renewables has penetrated new markets, including the Netherlands and Germany, establishing a presence in 13 European countries. Kronos Solar EDPR has a track record of successful projects and a significant pipeline in various development stages - recently the company brought online its first solar
EDP Renewables starts production of its first
With the acquisition of Kronos Solar EDPR, EDP Renewables has penetrated new markets, including the Netherlands and Germany, establishing a presence in 13 European countries. Kronos Solar EDPR has a track record of successful projects and a significant pipeline in various development stages - recently the company brought online its first solar
EDPR wraps up acquisition of German solar developer
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
EDPR secures its first PPA in Germany | EDP Renováveis
Madrid, January 24th 2024: EDP Renováveis, S.A. ("EDPR") through Kronos Solar EDPR ("Kronos") has secured a 15-year Power Purchase Agreement ("PPA") with Lhyfe S.A ("Lhyfe"), a European producer and supplier of green and renewable hydrogen with whom EDPR has a partnership agreement to create value and leverage upon complementary skills and synergies
Lhyfe and EDP Renewables signed a long-term contract
Lhyfe and EDP Renewables are announcing the signing of a 15-year renewable electricity supply contract or Corporate Power Purchase Agreement Under this 15-year PPA, Lhyfe will buy renewable energy generated by a 39 MWac (55 MWp) solar project in Germany developed by EDPR, through Kronos Solar EDPR, that is expected to be connected to the
EDP Renewables wird von Lhyfe für die Lieferung von
Über Kronos Solar EDPR . Kronos Solar EDPR ist ein Solarentwicklungsunternehmen mit Sitz in Deutschland und Niederlassungen in drei weiteren europäischen Ländern - den Niederlanden, dem Vereinigten Königreich und Frankreich -, an dem EDP Renewables im Jahr 2022 einen Anteil von 70 % erwarb.
EDP Renewables Seals Its First Long-Term Photovoltaic Contract in Germany
For 15 years, Kronos Solar EDPR will supply Lhyfe with renewable energy from a solar project developed with a 55 MWp (39 MWac) capacity and that is expected to be connected to the grid during 2025. Located in Meuselwitz, in the north-eastern Germany, this photovoltaic solar plant will produce 58 GWh of clean energy annually.
6 FAQs about [Kronos solar edp renewables Germany]
Why did EDPR acquire Kronos solar projects?
This transaction allows EDPR to enter into Germany and the Netherlands which benefit from ambitious renewables targets. EDP Renewables has reached an agreement to acquire a 70% stake in Kronos Solar Projects GmbH ("Kronos"), a solar developer company based in Germany.
Who owns Kronos solar projects GmbH (Kronos)?
Lisbon, July 29th, 2022: EDP - Energias de Portugal, S.A. (“EDP”), through its 74.98% owned subsidiary EDP Renováveis, S.A. (“EDPR”), has reached an agreement to acquire a 70% stake in Kronos Solar Projects GmbH ("Kronos"), a solar developer company based in Germany.
Does Kronos have a solar market in Germany?
Germany, which is Kronos’ domestic market, represents close to 50% of the acquired solar development portfolio and the government has recently announced the “Easter Package” that stands out with ambitious renewables capacity targets, with 360 GW of renewable installed capacity until 2030.
Why did EDP and EDPR sign an agreement with Kronos?
According to Miguel Stilwell d’Andrade, CEO of EDP and EDPR: “We are very pleased to have reached this agreement with Kronos which will allow us to start our path in Germany and the Netherlands, two markets with high potential for renewable energies, and to strengthen our position in France and the UK.
What makes Kronos a good solar company?
Kronos has a lean development team with a long-term expertise based on a track record of more than 1.4 GW through 80 successfully commissioned projects and a portfolio of 9.4 GW (7.5 GWac) of solar projects in different stages of development in Germany (4.5 GW), France (2.7 GW), the Netherlands (1.2 GW) and the UK (0.9 GW).
Why is EDP Renewables a strategic market in Europe?
This is a strategic market in Europe, as it has ambitious renewable energy targets and will help us strengthen our position as a leading global player. Learn more about EDP Renewables and how we are contributing to accelerate the much needed energy transition.