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Madrid, June 30th 2017: Following the information released to the market on February 27th 2017, EDP Renováveis, S.A. (“EDPR”) announces the completion of the sale of 49% equity shareholding and shareholder loans in a portfolio of 422 MW of wind assets located in Portugal, to ACE Portugal Sàrl which is 100% owned by ACE Investment Fund II LP – an entity participated of China Three Gorges Hong Kong Ltd (“CTG HK”), a fully-owned subsidiary of China Three Gorges (“CTG”), for a final consideration of €248 million.
The transaction scope covers assets that were part of ENEOP project and have been fully consolidated at EDPR following the conclusion of the asset split process in 2015.
The agreement concluded today was made in the context of the €2bn strategic partnership established in Dec-11 between EDPR’s principal shareholder, EDP – Energias de Portugal, S.A. (“EDP”), and CTG.
EDP Renováveis, S.A.