EDP Energias de Portugal S A : - Energias de Portugal, SA informa sobre Asset rotation deal for a 260 MW operating wind portfolio in Brazil
October 07, 2022 at 03:22 am EDT
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EDP SIGNS ASSET ROTATION DEAL FOR A 260 MW OPERATING WIND PORTFOLIO IN BRAZIL
Lisbon, October 6th, 2022: EDP - Energias de Portugal, S.A. ("EDP"), through its 74.98% owned subsidiary EDP Renováveis, S.A. ("EDPR"), signed a Sale and Purchase Agreement with Companhia Paranaense de Energia ("COPEL") to sell a 100% equity stake in 2 operating wind projects that total 260 MW of capacity, situated in the state of Rio Grande do Norte, Brazil, for an estimated enterprise value of BRL 1.80bn as of 31/12/2021 (€ 0.35 billion @5.16 EUR/BRL rate1), to be adjusted at the closing date.
The transaction is subject to regulatory and other customary precedent conditions.
With this transaction, EDP has already secured € 3.4bn of Asset Rotation proceeds within the context of the € 8bn Asset rotation program for 2021-2025 announced in EDP Capital Markets Day in February 2021, allowing EDP 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 - Energias de Portugal, S.A.
1 EUR/BRL rate as of October 5th, 2022
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EDP - Energias de Portugal, S.A.
Issuer of shares admitted to trading on a regulated market Head Office: Av. 24 de Julho, 12 1249-300 Lisboa Portugal
Share Capital € 3 965 681 012 Registered at the Commercial Registry Office of Lisbon under no. 500697256 Company Tax Number 500697256
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EDP - Energias de Portugal SA published this content on 07 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2022 07:21:05 UTC.
EDP - Energias de Portugal, S.A. is one of the leading producers and distributors in Portugal. The activity is organized around 4 sectors:
- production, sales and distribution of electricity: hydroelectric, thermoelectric, wind, co-generated, and biomass-based;
- supply of energy services: primarily engineering and consulting services for the construction and installation of thermoelectric and hydroelectric units;
- sales and distribution of gas (No. 2 in Portugal);
- other: steam production, supply of computer services, etc.
Net sales are distributed geographically as follows: Portugal
EDP - ENERGIAS DE PORTUGAL, S.A. 
