Iberdrola Renovables France has entered into an agreement with Aiolos and Caisse des Dépôts et Consignations (the sellers) for the purchase of the shares representing 100 % of the share capital of French company Aalto Power and the assignment of certain loans granted by the sellers to Aalto Power.
Aalto Power owns operating onshore wind farms in France with an aggregate capacity of 118MW and a portfolio of 636 additional MW of onshore wind farm projects under different stages of development. The consideration payable by Iberdrola Renovables France to the Sellers for the purchase of the shares representing the entire share capital of Aalto Power and the assignment of the loans to Aalto Power under the share purchase agreement is of € 100.1 million.