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EDPR Edp Renewables SA News Story

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

Aug 13 (Reuters) - EDP Renovaveis SA EDPR.LS:

SIGNS ASSET ROTATION DEAL FOR 207 MWAC SOLAR PORTFOLIO IN ITALY

DEAL WITH ENCAVIS AND ESTIMATED ENTERPRISE VALUE ABOVE 0.25 BILLION EUROS

TRANSACTION SCOPE COMPRISES FIVE OPERATING SOLAR PLANTS LOCATED IN ITALY AND WITH AVERAGE ASSET LIFE OF LESS THAN ONE YEAR

ESTIMATED ENTERPRISE VALUE ALSO CONSIDERS SIGNIFICANT CAPACITY EXTENSION POSSIBILITIES AND SYNERGIES DUE TO HYBRIDISATION

Source text: https://tinyurl.com/yvb67d6r

Further company coverage: EDPR.LS

 (Gdansk Newsroom)

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

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