EDP Renewables completed the acquisition of an 87.4% stake in Sunseap from ABC World Asia for $693m.

EDP Renewables, a renewable energy company, completed the acquisition of an 87.4% in Sunseap, a clean solutions provider which specialises in the retail sale of commercial solar energy, from ABC World Asia, a private equity firm, for $694m. "We are delighted to partner up with Sunseap for the Asian Pacific markets, creating a new regional platform and making EDPR a truly global renewables energy player. The strategy and vision of Sunseap is a perfect fit to EDP´s leading role within the ongoing energy transition and its local knowledge and track-record in the Asia Pacific region, together with EDPR's scale and technological expertise, will enable us to fully tap the potential of such markets," Miguel Stilwell d'Andrade, EDP Renewables CEO.