EDP concludes sale of wind and solar portfolio in Italy for 150 million
EDP concluded the sale to PLT Energy of a wind and solar portfolio in Italy for an estimated value of 150 million euros, announced this Tuesday to
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Summary
EDP concluded the sale to PLT Energy of a wind and solar portfolio in Italy for an estimated value of 150 million euros, announced this Tuesday the company. The operation was thus performed through EDP Renewables — a 71.4% stake in EDP — and involves the sale of 100% of a set of assets in southern Italy. The assets benefit from long-term contracts, and the wind projects have contracts by difference (CfD) lasting 20 years and the solar project is covered by a ten-year energy purchase contract (PPA).
Furthermore, By the end of June, EDP had informed that the conclusion depended on the verification of usual conditions, including regulatory authorizations, and it was “expected to take place during the year 2026”. From the set of assets sold, four are wind power plants that total 60 MW (megawatts) of capacity. The realisation of this sale is part of the EDPR Group's asset rotation strategy.
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EDP concluded the sale to PLT Energy of a wind and solar portfolio in Italy for an estimated value of 150 million euros, announced this Tuesday the company.
reliability moderate3/3 sourcesThe operation was thus performed through EDP Renewables — a 71.4% stake in EDP — and involves the sale of 100% of a set of assets in southern Italy.
reliability moderate2/2 sourcesThe assets benefit from long-term contracts, and the wind projects have contracts by difference (CfD) lasting 20 years and the solar project is covered by a ten-year energy purchase contract (PPA).
reliability moderate2/2 sourcesBy the end of June, EDP had informed that the conclusion depended on the verification of usual conditions, including regulatory authorizations, and it was “expected to take place during the year 2026”.
reliability moderate2/2 sources
Reported detailssecondary facts, each attributed to its source
From the set of assets sold, four are wind power plants that total 60 MW (megawatts) of capacity.
according to Jornal EconómicoThe realisation of this sale is part of the EDPR Group's asset rotation strategy.
according to Jornal Económico
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