Brief: EDPR Closes Sale Of 257 MW Wind Portfolio In Spain To Verbund For 0.46 Bln Euros

VERBUND AG

25/07/2023 17:31

July 25 (Reuters) - EDP Renovaveis SA  EDPR.LS :
    * CLOSES ASSET ROTATION DEAL FOR A 257 MW WIND PORTFOLIO IN
SPAIN
    * CLOSES SALE OF A 257 MW WIND PORTFOLIO IN SPAIN TO VERBUND
AG
FOR AN ENTERPRISE VALUE OF €0.46 BILLION AS OF 31/12/2022
    * TRANSACTION SCOPE COMPRISES 9 OPERATING WIND FARMS WITH
AVERAGE
AGE OF 14 YEARS AND WITH POTENTIAL FOR REPOWERING AND ADDITIONAL
HYBRID SOLAR CAPACITY
    * ASSETS SOLD WERE PART OF THE ACQUISITION OF THE RENEWABLE
BUSINESS OF VIESGO, CLOSED ON DECEMBER 2020

Source text: https://tinyurl.com/275fj7et
Further company coverage:  EDPR.LS 

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