in News Departments > Projects & Contracts
print the content item

EDP Renovaveis SA (EDPR) has entered into an agreement with China Three Gorges International (Hong Kong) Co. Ltd., a fully owned subsidiary of China Three Gorges, to sell a 49% equity shareholding and 25% of the outstanding shareholders loans in EDP Renovaveis Portugal SA for a total consideration of 359 million euros.

The transaction scope covers 615 MW in operation, with an average age of six years, as well as 29 MW of ready-to-build projects, remunerated under a feed-in-tariff regime. During the last 12 months, EDPR’s EBITDA and net profit in Portugal amounted to 116 million euros and 43 million euros, respectively, while total net fixed assets totaled 558 million euros as of September. EDPR says it will continue to fully consolidate the assets.

The transaction is subject to the customary regulatory approvals, with closing expected to occur in the first half of 2013.



Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Renewable NRG_id1934
Hybrid Energy Innovations 2015