EDP Renováveis (EDPR) has reached an agreement with Borealis Infrastructure (Borealis) to sell a 49% equity shareholding in a portfolio of wind farm assets in the US.
The portfolio is comprised of four wind farms totalling 599MW, installed between 2007 and 2008, and all of which have long-term Power Purchase Agreements (PPAs) in place. The transaction is subject to the customary regulatory approvals. The total consideration for the 49% equity shareholding is US$ 230 million, which represents a total implied value for the portfolio of US$ 1,446 million.
The portfolio is comprised of four wind farms totalling 599MW, installed between 2007 and 2008, and all of which have long-term Power Purchase Agreements (PPAs) in place. The transaction is subject to the customary regulatory approvals. The total consideration for the 49% equity shareholding is US$ 230 million, which represents a total implied value for the portfolio of US$ 1,446 million.