Brief: EDPR To Sell 80% Stake In 384 MW Portfolio In U.S. To Ares Infrastructure Equity Fund

EDP

27/07/2026 17:16

July 27 (Reuters) - Edp Renewables SA EDPR.LS:
ASSET ROTATION DEAL SIGNED FOR A 384 MW SOLAR AND STORAGE PORTFOLIO IN US
TO SELL AN 80% COMMON EQUITY STAKE IN A 384 MW PORTFOLIO IN U.S. TO AN ARES INFRASTRUCTURE EQUITY FUND
ENTERPRISE VALUE IMPLIED IN THIS TRANSACTION FOR 100% OF THESE ASSETS AT START OF OPERATIONS AMOUNTS TO $0.8 BILLION
WILL RECEIVE CLOSE TO $0.45BLN IN TOTAL PROCEEDS FOR 80% STAKE, OF WHICH 50% WILL BE RECEIVED AT FINANCIAL CLOSE AND 50% AT COD
PORTFOLIO INCLUDES 200 MW OF SOLAR AND 184 MW BATTERY ENERGY STORAGE SYSTEM IN CALIFORNIA
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