EDF sets to acquire the German company energy2market
Through its affiliate EDF Pulse Croissance, the EDF group has acquired 100% of the capital of German company energy2market (e2m).
Founded in 2009, e2m aggregates local flexibility and renewable energy production and is one of Germany’s top players in this market. With 85 employees, e2m offers technical and operational know-how of a broad range of services in short-term flexibility management, the commercialization of renewable energy production and the commercialization of its own platform VPP (virtual power plant) on a SaaS (VPP software as a service) basis. E2m has 2,000 clients, mainly in Germany, and manages and operates 4,500 connected, decentralized energy production and flexibility sites (wind farms, solar farms, biomass etc.), representing a total installed power of 3 GW.
This transaction is still subject to approval by the European competition authorities. The acquisition of e2m is due to be finalized by the end of the third quarter of 2019.
Country updates
-
-
June 11, 2019
ABB wins contract for the development of DolWin5 HVDC Transmission System in North Sea
ABB’s Power Grids business has been awarded a triple-digit million-euro order from the Aibel/Keppel FELS consortium, which will design, construct, and build the High Voltage Direct Current (HVDC...
Read more -
June 10, 2019
EWE launches sale of minority stake
EWE has issued an invitation to interested parties for the acquisition of a 26% stake in the company. The stake is worth up to EUR1.6 billion (US$1.8 billion). EWE AG offers services in energy, telec...
Read more -
June 06, 2019
PNE and LichtBlick SE sign PPA deal for 22 MW Papenrode wind project in Germany
PNE has concluded a direct power purchase agreement (PPA) for a German wind farm with LichtBlick SE after the expiry of the fixed remuneration under the Renewable Energy Sources Act (EEG subsidies)....
Read more -
June 05, 2019
Fred. Olsen invests 50% in German offshore wind services provider
Fred. Olsen Ocean Ltd has entered into an agreement to purchase 50% stake in Hamburg-based United Wind Logistics GmbH (UWL), which offers transport solutions for offshore wind turbine components from...
Read more -
June 05, 2019
TRIG to buy 25% of 330 MW German offshore wind project
The Renewables Infrastructure Group (TRIG) has announced that the Company has exchanged contracts to acquire a 25% indirect equity interest in Gode Wind 1, a 330 MW offshore wind farm, located in the...
Read more
