EDP Renováveis sells Poland wind portfolio to Mirova for €303 million
According to the company, the deal comprises six wind farms, out of which 20 MW have been in operation since 2020 and 129 MW are currently under construction.
EDP Renováveis (EDPR), the quoted renewable energy subsidiary of Energias de Portugal (EDP), has sold a portfolio of wind power assets in Poland to Mirova, a company in the Natixis group, in an operation valued at €303 million, EDPR said in a statement sent to Portugal’s Securities Markets Commission (CMVM).
In the note, EDPR indicated that it ” signed a Sale and Purchase Agreement with Mirova, an affiliate of Natixis Investment Managers, to sell a 100% equity stake in a 149 MW wind portfolio located in Poland for an estimated Enterprise Value of approximately €303 million (subject to customary closing adjustments).”
According to the company, the deal comprises six wind farms, out of which 20 MW have been in operation since 2020 and 129 MW are currently under construction with expected commercial operations date later this year.
According to the company, in which EDP holds a 74.98% stake, the transaction “will contribute with approximately €303 million of Asset rotation proceeds and is within the context of the €8bn Asset rotation program for 2021-25 announced in EDPR Capital Markets Day, allowing EDPR to accelerate value creation.”
