EDP Renewables (EDPR) has signed a sale and purchase agreement with Onex Renewables (Onex) to sell a 100% equity stake in a 221MW wind portfolio located in Portugal.
The transaction scope comprises five wind farms, with an average age of 1.4 years as of 2021YE, out of which three are in operation and two are under construction with expected CoD until 2021YE. The five wind farms will be managed upon completion by Exus Management Partners. The total consideration for the transaction corresponds to an estimated enterprise value of 530 million euros, which translates into an enterprise value of 2.4 million euros/MW.
