EDPR to sell its majority interests in 997MW onshore wind farms in Europe

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EDPR has signed a Sale and Purchase Agreement with institutional investors advised by J. P. Morgan Asset Management to sell EDPR’s full equity shareholding and outstanding shareholder loans in an operating onshore wind portfolio with 997 MW of installed capacity (491 MW net for EDPR – shareholding at 51% in most of the wind farms), for a total consideration of approximately €800 million.

The transaction scope covers 388 MW in operation in France, 348 MW in Spain, 191 MW in Portugal and 71 MW in Belgium. The portfolio has been in operation...