China Three Gorges Renewables (Group) Co.,Ltd. (SHSE:600905) agreed to acquire 181 MW Operating Wind Portfolio from EDP Renováveis, S.A. (ENXTLS:EDPR) for an enterprise value of approximately €310 million on November 15, 2021. The transaction is subject to regulatory and other customary precedent conditions. Terence Foo, Fang Bao, Samir Azzouzi, Yong Bai, Dayu Man, José Luis Zamarro, Vicky Ma and María Begoña Barrantes Díaz of Clifford Chance LLP acted as a legal advisor to China Three Gorges Renewables for the transaction.

Santander Corporate & investment Banking acted as a financial advisor of 181 MW Operating Wind Portfolio. FTI Capital Advisors, L.L.C. acted as financial advisor to China Three Gorges Renewables. Juan Carlos Raposo and Ernesto Plevisani of FTI Capital Advisors, L.L.C. acted as financial advisor to China Three Gorges Renewables (Group) Co.,Ltd. Ernst & Young Abogados, S.L. provided due diligence to EDP Renováveis, S.A.