EDP completes Asset Rotation deal of a 300 MW renewable portfolio in Poland
EDP completes Asset Rotation deal of a 300 MW renewable portfolio in Poland
Lisbon, October 12th, 2023: Following the information released to the market on July 27th 2023, EDP - Energias de Portugal, S.A. (“EDP”), through its 71.27% owned subsidiary EDP Renováveis, S.A. (“EDPR”), has completed today the sale to Orlen Wind 3, a company owned by Orlen S.A., of a 100% equity stake in a portfolio of 142 MW from 3 operating wind farms that have been commissioned in 2021-22 and up to 159 MW of hybrid solar projects under development located in Poland for an Enterprise Value of PLN2.20 billion (€0.49 billion).
With the conclusion of this transaction, EDP has secured more than €1.3 billion of Asset Rotation proceeds in the context of the €7 billion Asset rotation program for 2023-26, announced in EDP’s Capital Markets Day in March 2023, allowing EDP to accelerate value creation while recycling capital to reinvest in accretive growth.
This information is disclosed to the terms and for the purposes of article 17 of Regulation (EU) No 596/2014 of the European Parliament and of the Council.
EDP – Energias de Portugal, S.A.