In accordance with article 249º of the Portuguese Securities Code nº 2 paragraph b) and article 7, nº 3 of the Portuguese Securities Market Commission’s Regulation nº 5/2008, EDP Renováveis S.A. (“EDP Renováveis”), a company incorporated in Spain, informs that the General Shareholders’ Meeting, held on April 6th 2017 in Madrid, approved the proposal of the Board of Directors regarding the payment of a gross dividend of 0.05 Euros per share, subject, in any case, to the applicable tax laws.
EDP Renováveis S.A. (“EDPR”), through its subsidiary EDP Renewables Europe, S.L. (“EDPR Europe”), entered today into an agreement with 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”) – to sell 49% of equity shareholding and shareholder loans in a portfolio of wind assets for a total consideration of €242 million.
The Spanish Government published today, in Boletín Oficial Del Estado, the Order ETU/130/2017 which includes the interim revision of the parameters to remunerate the renewable energy assets, under the remuneration framework that was approved by the Royal Decree 413/2014 (“RD 413/2014”) of June 2014.
EDP Renováveis, S.A. (“EDPR”) was awarded 20-year long term contracts at the Italian wind auction to sell electricity to be produced by 6 wind farms with a total capacity of 127 MW. The wind farm projects are located in the south of Italy, with installation expected to occur in 2018.
EDP Renováveis, S.A. (“EDPR”), through its fully owned subsidiary EDP Renewables North America LLC, has completed a $343 million funding of tax equity financing from Bank of America Merrill Lynch and Bank of New York Mellon (already announced in Sep-16), in exchange for an interest in the 250 MW Hidalgo wind farm, located in the State of Texas, and for an interest in the 78 MW Jericho Rise wind farm, located in the State of New York.
EDP Renováveis, S.A. (“EDPR”), through its fully owned subsidiary EDP Renewables North America LLC, has closed $114 million of institutional equity financing from MUFG and another institutional investor, in exchange for an interest in the 101 MW Amazon Wind Farm US Central project (Timber Road III).