Brief: EDPR Closes Sale Of 49% Stake In 1.6 GW Portfolio In US

Edp Renewables SA

03/10/2025 16:47

Oct 3 (Reuters) - EDP Renovaveis SA EDPR.LS:

COMPLETION OF ASSET ROTATION DEAL FOR A 1.6 GW PORTFOLIO IN US

TOTAL ESTIMATED ENTERPRISE VALUE FOR 100% OF PORTFOLIO AMOUNTS TO ABOUT $2.9 BILLION

CLOSED AGREEMENT TO SELL A STRAIGHT 49% COMMON EQUITY STAKE IN A 1,632 MW PORTFOLIO IN US TO A FUND MANAGED BY ARES INFRASTRUCTURE OPPORTUNITIES STRATEGY

EDPR WILL RECEIVE ABOUT $0.8 BILLION IN PROCEEDS

PORTFOLIO COMPRISES FIVE PROJECTS IN OPERATION, AS WELL AS FIVE PROJECTS CURRENTLY UNDER CONSTRUCTION, WITH COMMERCIAL OPERATION DATES UNTIL 2026

Source text

Further company coverage: EDPR.LS

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com;))