By Antonia Di Lorenzo 
 

Electricite de France SA (EDF.FR) said Thursday that its subsidiary EDF Renewables has acquired a wind-projects pipeline under development from Altus AG in Germany.

The French utility company didn't disclose financial details of the transaction.

The projects, with a combined capacity of around 300 megawatts, are located in 10 different federal states and at various stages of the development process, EDF said. The wind farms will be commissioned during the next five years, the company said.

"This deal is a good opportunity for EDF Renewables to strengthen its project development positions in Germany, a country which wants to reach 65% of renewable energy in its electricity consumption by 2030," Frederic Belloy, executive vice president international operations at EDF Renewables, said.

Write to Antonia Di Lorenzo at antonia.dilorenzo@wsj.com; @AntoniaDL89

(END) Dow Jones Newswires

September 12, 2019 07:45 ET (11:45 GMT)