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EDP Renewables sells 80% stake in 340-MW US solar portfolio for $400 million to global energy player.

EDP Renewables (EDPR) has announced the sale of an 80% stake in a 340-MW solar portfolio in the US to a major energy global player. The portfolio, which includes three operating solar farms in Ohio and Texas, is valued at approximately USD 400 million and part of EDPR’s EUR-7-billion asset rotation programme for 2023-2026. The deal is subject to regulatory clearance and is expected to close in the second quarter of 2021. This transaction aligns with EDPR’s strategy of increasing the proportion of renewable energy projects in its global energy mix and continuing its growth in the renewable sector.

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