EDP - Energias de Portugal, S.A. informs: Asset rotation through build and transfer of 200MW solar park in U.S.
December 28, 2022 at 06:40 am EST
Share
Investors &
Analysts'
Briefing
Reuters: EDP.LS
Bloomberg: EDP PL
ASSET ROTATION THROUGH BUILD & TRANSFER OF 200MW SOLAR PARK IN U.S.
Lisbon, December 27st, 2022: Following the information released to the market on March 22nd 2021, EDP - Energias de Portugal, S.A. ("EDP"), through its 74.98% owned subsidiary EDP Renováveis, S.A. ("EDPR"), through its fully owned subsidiary EDP Renewables North America LLC, informs that, following initial mechanical completion of the 200MWac Indiana Crossroads Solar Park, located in the U.S. state of Indiana, it has transferred the control of the park to Northern Indiana Public Service Company LLC ("NIPSCO") under a Build & Transfer Agreement, for a transaction price of $0.3bn representing an EV/MW of $1.5m/MW.
EDP has already secured €3.4bn of asset rotation proceeds within the context of the €8bn asset rotation program for 2021-25 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.
Investor Relations
Department
phone +351 21 001 2834 ir@edp.com
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
Attachments
Original Link
Original Document
Permalink
Disclaimer
EDP - Energias de Portugal SA published this content on 27 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2022 11:19:45 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