The CEZ Group will acquire nine wind farms in France, the company announced on Tuesday.
According to the statement, the acquisition of the wind farms will see CEZ Group enter the French renewable energy market for the first time.
The latest acquisition in six French locations includes nine wind farms acquired from ABO Wind, a German developer of renewable sources.
The onshore wind farms are in an advanced stage of development and will have operational support in the form of a feed-in tariff guaranteed for 15 years.
During the next five years, up to 100 megawatts (MW) of installed capacity plans to be installed.
The CEZ Group has already completed projects in Romania, Germany, Turkey and the Czech Republic with a total installed capacity exceeding 2.5 gigawatts (GW), the company said.
By Gulsen Cagatay