EDP Renováveis S A : Renováveis, S.A. informs about closing of Asset rotation deal of a wind portfolio in Brazil
January 30, 2023 at 04:16 pm EST
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EDPR completes Asset Rotation deal of a 260 MW operating wind portfolio in Brazil
Madrid, January 30th 2023: Following the information released to the market on October 6th 2022, EDP Renováveis, S.A. ("EDPR") is pleased to announce the completion to 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 BRL1.8bn as of December 31st 2021 (€0.3 billion @5.51 EUR/BRL rate(1)).
With this transaction, EDPR has already secured €3.4bn of Asset rotation proceeds within the context of the €8bn Asset rotation program for 2021-25 announced in EDPR Capital Markets Day in February 2021, 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.
(1) - EUR/BRL rate as of January 27th, 2023
Investor Relations
Department
Tel. +34 900 830 004 ir@edpr.com
www.edpr.com
EDP Renováveis, S.A. Head office: Plaza de la Gesta, 2 33007 Oviedo, Spain
Share capital: €4,361,540,810 registered in the Commercial Registry Office of Asturias; item 3,671; book 177; sheet no. AS - 37,669; Tax No.A-74219304
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EDP Renovaveis SA published this content on 30 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2023 21:15:03 UTC.
EDP Renováveis, S.A. (Euronext: EDPR) is the fourth largest renewable energy producer worldwide with presence in 28 markets across Europe, North America, South America and Asia/Pacific.
Based in Madrid and with main regional offices in Houston, São Paulo and Singapore, EDP Renováveis, S.A. has a robust development portfolio with first class assets and a market-leading operational capability in renewables. These include wind onshore, utility scale & distributed solar, wind offshore (through its 50/50 JV - OW) and technologies complementary to renewables such as batteries and green hydrogen.
EDPR's employee-centered policies resulted in its recognition as a Top Workplace 2023 in the United States, Top Employer 2023 in Europe (Spain, Italy, France, Romania, Greece, Portugal and Poland) Colombia and Brazil, as well as its inclusion in the Bloomberg Gender-Equality Index.
EDPR is a division of EDP (Euronext: EDP), a leader in the energy transition with a focus on decarbonization.