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EDPR Edp Renewables SA News Story

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Brief: EDPR Completes Asset Rotation Deal For Solar Portfolio In Italy

Dec 10 (Reuters) - EDP Renovaveis SA EDPR.LS:

COMPLETES ASSET ROTATION DEAL FOR A 207 MWAC SOLAR PORTFOLIO IN ITALY

COMPLETION OF SALE AND PURCHASE AGREEMENT WITH ENCAVIS TO SELL 100% EQUITY STAKE WITH POTENTIAL EXTENSION OF 17 MWDC SOLAR PORTFOLIO IN ITALY

SELL FOR ENTERPRISE VALUE OF 0.3 BILLION EUROS WHICH ALSO CONSIDERS POTENTIAL SYNERGIES FROM HYBRIDISATION

TRANSACTION COMPRISES 4 LONG-TERM PPA AND ONE 20-YEAR CONTRACT FOR DIFFERENCE

TRANSACTION SCOPE COMPRISES FIVE OPERATING SOLAR PLANTS AND RESPECTIVE LAND

Source text nFWN3U51TT

Further company coverage: EDPR.LS

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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