RWE Renewables has completed the acquisition of Nordex’s 2700MW European onshore wind and solar development platform.
The €400m pipeline consists of projects mostly in France, as well as Spain, Sweden and Poland and takes RWE’s existing pipeline of 22GW to 24.7GW.
RWE Renewables has also brought on board more than 70 employees from Nordex, based mostly in France.
RWE’s French development platform totals 1.9GW in various project phases, following the acquisition, with 15% of the pipeline’s projects close to reaching final investment decisions or in late development stages.
Approximately 230MW has secured Contracts for Difference or other feed-in tariffs.
RWE Renewables chief executive Anja-Isabel Dotzenrath said: “We warmly welcome our new colleagues joining from Nordex.
“They have a strong track record in the development of renewables projects and many of them have worked together from the inception of the development pipeline.
“This significantly facilitates our market entry in France, a very attractive market for renewables in Europe, which aims to grow renewable energy considerably by 2030.
“The transaction supports our growth ambitions in France in the areas of offshore and onshore wind as well as large solar plants and battery storage.”
The new team members will develop further projects and work on executing RWE’s project pipeline.