EDPR informs on completion of Asset Rotation deal for a 297 MW wind project in Canada
Madrid, April 18th 2024: Following the information released to the market on February 14th 2024, EDP Renováveis, S.A. ("EDPR”) is pleased to announce the completion of a Sale and Purchase Agreement with Connor, Clark & Lunn Infrastructure (“CC&L Infrastructure”) to sell an 80% equity stake in a 297 MW operating wind project located in Alberta, Canada for an implied Enterprise Value of C$0.7 billion.
With the conclusion of this agreement, EDPR has executed ~35% of the €7 billion Asset rotation program for 2023-26 as 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.
EDP Renováveis, S.A.