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EDP-Energias — M&A Activity 2020
Dec 28, 2020
1909_iss_2020-12-28_bb610ed5-63ad-4dba-830f-bb80328d9d8f.pdf
M&A Activity
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Investors & Analysts' Briefing
Reuters: EDPR.LS Bloomberg: EDPR PL
EDPR concludes \$0.7 billion Sell-down deal for a wind and solar portfolio in North America
Madrid, December 28th 2020: Following the information released to the market on September 2nd 2020, EDP Renováveis, S.A. ("EDPR") announces the completion of the sale of an 80% equity shareholding position, in a wind and solar portfolio with 563 MW (450 MW net) of installed capacity located in the United States, to Connor, Clark & Lunn Infrastructure, for a total consideration corresponding to an enterprise value of \$684 million.
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.
Investor Relations Department Rui Antunes, Head of IR Pia Domecq Duarte Andrada
Phone +34 902 830 700 Fax +34 914 238 429 [email protected] www.edpr.com