EDPR Acquires Renewables Business of Viesgo

Following the information released to the market on July 15th 2020, EDP Renewables announced the completion today of the acquisition of the control
EDPR Acquires Renewables Business of Viesgo
EDPR ViesgoEDPR

Following the information released to the market on July 15th 2020, EDP Renewables announced the completion today of the acquisition of the control of the renewable business of Viesgo, for an enterprise value (100%) of EUR 565 million. In detail, EDPR will acquire 100% of a portfolio of 511 MW (EBITDA + Equity MW) of renewable installed capacity in Spain (84%) and Portugal (16%).

This transaction reinforces EDPR’s position as leading global renewables player, and in particular in Spain, with a strongly synergetic portfolio of high-quality assets with strong resource and low risk profile, while offering interesting future growth opportunities.

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