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6 FAQs about [Nigeria kronos solar edp renewables]
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.
Does EDP Renewables have a stake in Kronos solar projects?
By completing the acquisition, EDP Renewables enters two new solar European markets: Germany and the Netherlands. Image: EDP Renewables. Portuguese utility EDP Renewables (EDPR) has completed the acquisition of a 70% stake in German solar developer Kronos Solar Projects.
Who owns Kronos solar projects?
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 retain a 30% stake in the company and continue involved in the daily management of the business.
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).
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.

































