edp announcement

EDPR informs on completion of Asset Rotation deal for a solar portfolio in North America

Jueves, 15 Febrero 2024

Madrid, February 15th 2024: Following the information released to the market on January 4th 2024, EDP Renováveis, S.A. ("EDPR”) is pleased to announce the completion of a Sale and Purchase Agreement with a major energy global player, to sell an 80% equity stake in a portfolio of 340 MWac from 3 operating solar projects, 2 in Ohio and 1 in Texas, for an Enterprise Value of $0.4 billion (for the 80% stake).

With the conclusion of this agreement, EDPR has executed and signed ~35% of the €7 billion Asset rotation program for 2023-26 as announced in EDPR’s Capital Markets Day in March 2023, 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 Renováveis, S.A.