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EDP-Energias — Capital/Financing Update 2015
Nov 26, 2015
1909_iss_2015-11-26_649e344c-9f35-4bde-a485-453614ad9c85.pdf
Capital/Financing Update
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Investors & Analysts` Briefing
Reuters: EDPR.LS Bloomberg: EDPR PL
EDP Renováveis closes new institutional partnership structure for 100 MW in the US
Madrid, November 26th 2015: EDP Renováveis, S.A. ("EDPR") has secured \$116 million of institutional equity financing from MUFG Union Bank N.A. and another leading institutional investor, in exchange for an interest in the 100 MW Arbuckle wind project, located in the State of Oklahoma. The project will sell its output through a 20-year Power Purchase Agreement ("PPA").
EDPR also announces it has completed the funding needs of its 2015 US projects, all with long-term PPAs, by securing a total of \$473 million of institutional equity financing.
The establishment of institutional partnership structures enables EDPR to efficiently utilize the tax benefits generated by the projects, improving the project's economics and maintaining its self-funding strategic pillar.
EDP Renováveis, S.A.
Investor Relations Department Rui Antunes, Head of IR Francisco Beirão Maria Fontes Paloma Bastos
Phone +34 902 830 700 Fax +34 914 238 429 [email protected] www.edpr.com