Announced
Completed
Financials
Tags
Completed
Spain
wind farms
wind energy
Alternative Electricity
Acquisition
Cross Border
Infrastructure
Single Bidder
Majority
Private
Friendly
Synopsis
Verbund, Austria's largest electricity provider, completed the acquisition of a 257MW wind portfolio in Spain from EDP Renováveis, a renewable energy company, for €460m. The transaction scope comprises 9 operating wind farms with an average age of 14 years and with the potential for repowering and additional hybrid solar capacity. The assets sold were part of the acquisition of the renewable business of Viesgo, closed on December 2020.
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