EDPR concludes sale agreement in Europe
Tuesday 30, July 2019
Madrid, July 30th 2019: Following the information released to the market on April 23rd 2019, EDP Renováveis, S.A. (“EDPR”) announces the completion of the sale of its full equity shareholding and outstanding shareholder loans, to institutional investors advised by J. P. Morgan Asset Management, for a total consideration of €808 million.
In detail, the portfolio comprises operating onshore assets with 997 MW of installed capacity (491 MW net for EDPR – shareholding at 51% in most of the wind farms) in Spain, Portugal, France and Belgium.
The deal concluded today is part of the asset rotation program for 2019-22 period contemplated in the Strategic update announced in March 12th 2019.
EDP Renováveis, S.A.