United Kingdom

United Kingdom

EDPR agrees €80m deals to enter UK onshore wind market

EDP Renewables has entered the UK onshore wind market with deals to buy a 544MW portfolio of wind and solar projects

EDPR is the fourth largest renewable energy producer in the world, according to the company
EDPR is the fourth largest renewable energy producer in the world, according to the company

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Under agreements with developers Vento Ludens and Wind2, EDP Renewables will pay up to £71 million (€82 million) for the projects, conditional to the successful achievement of pre-determined milestones for each project.

The portfolio includes a 5MW operating wind farm, 192MW of advanced wind projects that are expected to enter operation by 2025, and another 229MW of wind projects at an earlier stage of development.

“Entering the UK onshore market opens up a new range of possibilities to continue to diversify our business. This is a key market for us and we will continue to explore opportunities that add value and strengthen our leadership position in the renewable energy sector,” said EDPR chief executive Miguel Stillwell d’Andrade.

Commissioned in 2012, the operating wind farm has a 20-year feed in tariff while the advanced wind projects will participate in the upcoming contracts for difference (CfD) rounds and in the UK private power purchase agreement (PPA) market.

The deal also includes 118MW of solar projects.

As part of its aim of achieving net zero greenhouse gas emissions by 2050, the UK government recently announced that both onshore wind and solar will be able to participate in the CfD rounds that will take place every two years until 2030.

EDPR is already present in the UK offshore wind sector, where it has 1GW of gross capacity under construction and another 900MW in development through Ocean Winds, its 50/50 joint venture with Engie.

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