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EDP-Energias — M&A Activity 2020
Feb 12, 2020
1909_iss_2020-02-12_4e93b2e1-83de-448c-8754-4d78492bc01c.pdf
M&A Activity
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Investors & Analysts` Briefing
Reuters: EDPR.LS Bloomberg: EDPR PL
EDPR concludes €0.3 billion asset rotation deal for Brazilian wind farms
Madrid, February 12 th 2020: Following the information released to the market on July 29th 2019, EDP Renováveis, S.A. ("EDPR") announces the completion of the sale of its full equity shareholding in an operating onshore wind project with 137 MW of installed capacity, to an affiliate of Actis, for a total consideration of R\$598 million (equity value; corresponding to an enterprise value of R\$1.2bn or €0.3 billion).
In detail, Babilonia 137 MW wind farm is located in the state of Bahia, Brazil, and has been in operation since 4Q 2018. The project, which was fully owned by EDPR, was awarded a 20-year PPA in the LER 2015 auction.
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 Maria Fontes Pia Domecq
Phone +34 902 830 700 Fax +34 914 238 429 [email protected] www.edpr.com