EDP-Energias — M&A Activity 2021

Nov 15, 2021

Investors & Analysts' Briefing

Reuters: EDPR.LS Bloomberg: EDPR PL

EDPR signs Asset rotation deal of a 181 MW operating wind portfolio in Spain

Madrid, November 15th 2021: EDP Renováveis, S.A. ("EDPR") signed a Sale and Purchase Agreement with China Three Gorges ("CTG") to sell a 100% equity stake in a 181 MW operating wind portfolio located in Spain for an estimated Enterprise Value of €307 million (subject to customary closing adjustments).

The transaction scope comprises twelve wind farms which are under the Spanish 20 year regulated remuneration scheme. The average age of the portfolio is 12 years.

The total consideration of the transaction corresponds to an estimated Enterprise Value of €307 million, which translates into an Enterprise Value of €1.7 million/MW.

The transaction is subject to regulatory and other customary precedent conditions.

With this transaction, EDPR has already secured €2.6bn of Asset rotation proceeds within the context of the €8bn Asset rotation program announced in EDPR Capital Markets Day, allowing EDPR to accelerate value creation while recycling capital to reinvest in accretive growth.

EDP Renováveis, S.A.

Investor Relations Department

André Fernandes, Head of IR

Pia Domecq Celia de Cominges Duarte Andrada

Tel. +34 902 830 700 Fax +34 914 238 429 ir@edpr.com www.edpr.com