EDPR Closes Sale Of 49% Stake In 1.6 GW Portfolio In US
ReutersOct 3, 2025 3:47 PM
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
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