EDPR sells wind portfolio in Portugal

Wind Industry Profile of

The company has completed the sale to Onex Renewables of a 100% equity stake in a wind portfolio located in Portugal / This transaction will contribute with 532 million euros of asset rotation proceeds and is within the context of the 8 billion euros asset rotation program for 2021-25 announced in EDPR Capital Markets Day

EDP Renewables (Euronext: EDPR), the fourth largest renewable energy producer in the world, has signed a sale and purchase agreement with Onex Renewables S.a.r.l. (“Onex”)  to sell a 100% equity stake in a 221 MW wind portfolio located in Portugal for an estimated enterprise value of 532 million euros (subject to customary closing adjustments). The transaction scope comprises five wind farms, with an average age of 1.4 years as of... ... More: Official Press Release EDPR

Keywords:

EDPR, asset rotation deal, wind farm, portfolio, Onex Renewables, Portugal, sale, equity stake, transaction, MW, capacity