EDPR on completion of Asset Rotation deal for a wind portfolio in Brazil
Madrid, December 29th 2023: Following the information released to the market on August 29th 2023, EDP Renováveis, S.A. ("EDPR”) is pleased to announce the completion of a Sale and Purchase Agreement with Statkraft AS (“Statkraft”) to sell a 100% equity stake in a portfolio of 260 MW from 2 operating wind projects in Brazil for an Enterprise Value of BRL1.57 billion as of 31/12/2022 (around €0.30 billion).
The projects are located in Rio Grande do Norte and are fully operational since 2022.
With the conclusion of this agreement, EDPR has secured around €1.6 billion of Asset Rotation proceeds in the context of the €7 billion Asset rotation program for 2023-26 announced in EDPR’s Capital Markets Day in March 2023, allowing EDPR to accelerate value creation while recycling capital to reinvest in accretive growth.
This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council.