Announced
Financials
Tags
Private Equity
Cross Border
United States
Acquisition
Private
Friendly
Renewable Energy Equipment
wind farm
Majority
Pending
Single Bidder
Synopsis
Greencoat Capital, a private equity firm, agreed to acquire a 55% stake in the US wind portfolio of EDP Renewables, a renewable energy harvester, for $396m. This transaction is within the context of the $9.5bn asset rotation program announced in EDPR Capital Markets Day, allowing EDPR to accelerate value creation while recycling capital to reinvest in accretive growth.
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