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EDP-Energias — M&A Activity 2021
Sep 8, 2021
1909_iss_2021-09-08_daa5c7fb-20c4-4a1f-a049-4378abd89890.pdf
M&A Activity
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Investors & Analysts' Briefing
Reuters: EDPR.LS Bloomberg: EDPR PL
EDPR announces upsize to 80% stake of the 405 MW Asset Rotation deal in the US
Madrid, September 8th 2021: EDP Renováveis, S.A. ("EDPR") is pleased to announce the completion of the sale to funds managed by Greencoat Capital of an additional 12% equity stake in a wind portfolio located in the United States, comprising two operating winds farms totalling 405 MW.
This transaction was signed and completed under the same terms of the 68% equity stake announced on July 1 st 2021, resulting in an upsize of the overall Asset Rotation deal to an 80% equity stake.
With this transaction, EDPR has already secured €2.3bn 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 [email protected] www.edpr.com