spot_img
Tuesday, May 21, 2024

KWM advises EDPR on €328m sale of wind energy portfolio to CTG

King & Wood Mallesons has advised EDP Renováveis "EDPR" on the sale of the 100% stake of a 181 MW wind energy portfolio to China Three Gorges, for a value of €328 million

-

The transaction, valued at €328 million, comprises 12 wind farms in Spain which are under the Spanish 20-year regulated remuneration scheme. The average age of the portfolio is 12 years.

With the conclusion of this transaction, EDPR achieves €2.4 billion of Asset Rotation proceeds within the context of the €8 billion Asset Rotation Program for 2021-25 announced on EDPR Capital Markets Day.

Over the last 20 years, KWM has been advising EDP Group on its main transactions in the Iberian market. KWM recently advised the Portuguese company on the acquisition of Viesgo and on the set up of Ocean Winds, the joint venture between EDPR and ENGIE for the development of offshore wind energy projects.

Roberto Pomares, partner of M&A, has been in charge of leading the multidisciplinary team that has advised EDPR in this deal with the assistance of senior associate Victoria Ruenes and associates Rosa Chen and Elena Torrecillas. Other professionals who have participated in this project are the senior associates Alberto Artés (Energy), Sandra de Andrés (Employment) and Pablo Salamanca (Real Estate).

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

PLL counsels Santander Consumer on DBRS Morningstar and Moody’s credit note issuance

DBRS Ratings GmbH (DBRS Morningstar) assigned provisional credit ratings to the following classes of notes to be issued by Santander Consumer Spain Auto 2023-1...

KPMG Abogados promotes nine to director 

The promoted are the following: Manuel Gil Customs and excise. Indirect Taxation. Ramón Mouriño Legal Labour Sergi Muñoz Global Transfer Pricing Services  Nadia Batiukova Legal Financial Services Manuel Aguilar Legal Financial Services Alberto Martín Corporate Tax...

Bird & Bird adds Financial Law partner

Fernando Gutiérrez has more than 17 years of experience in his speciality. His practice focuses, on the one hand, on financings of all types...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
error: