The initial agreement for the operation had been announced in July, also in a statement to CMVM.

In addition to the purchase price, the transaction also provides for an "additional success fee to be paid during 2023-28 that will be dependent on the solar capacity delivered by Kronos in the same period".

"The transaction also includes a 'call/put option' regarding the other 30% minority interest held by Kronos' founders, who will continue to be involved in the daily management of the business, exercisable from 2028 onwards, with the option price to be defined by the status of Kronos' renewable projects under development at that date," the statement added.

EDP Renováveis recalled in the same text that "Kronos has an efficient development team with extensive experience in developing solar projects and a portfolio of 9.4 GW (7.5 GWac) of solar projects, in different stages of development, located in Germany (4.5 GW), France (2.7 GW), the Netherlands (1.2 GW) and the United Kingdom (0.9 GW)".

In this way, the company "expands its presence to 12 markets in Europe, which in total represent more than 90% of the solar capacity additions expected in the European Union by 2030".