EDP informs on Asset Rotation deal signed for a 82 MWac solar portfolio in Spain
EDP informs on Asset Rotation deal signed for a 82 MWac solar portfolio in Spain
Lisbon, December 16th, 2024: EDP, S.A. (EDP), through its 71.3% owned subsidiary EDP Renováveis, S.A. (“EDPR”), informs on the signing of a Sale and Purchase Agreement to sell a 100% equity stake of a 82 MWac (104 MWdc) solar portfolio in Spain for an estimated Enterprise Value of €0.08 billion.
The transaction scope comprises four operating solar farms: one located in Aragon, in operation for approximately 1.5 years, and three located in Andalucía, in operation since November 2024. The four projects benefit from contracted 15-years Power Purchase Agreements.
The transaction is subject to precedent, regulatory conditions and other usual conditions for a transaction of this nature.
This Asset Rotation comes in the context of the ~€6 billion program for 2024-26 for EDPR presented in May 2024 Business Plan Update, allowing EDPR to accelerate value creation while recycling capital to reinvest in accretive growth.
This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council.
EDP, S.A.