Renewable Energy M&A: EDP buys back a 49% stake in its ~1 GW onshore wind portfolio across Europe, at a competitive $1.32mn/MW

published on 02 January 2024

Deal Insights: EDP repurchased this stake for $631.22mn from ACE funds backed by China Three Gorges (CTG), reversing their 2017 sale.

Portfolio Spread: This portfolio, with a weighted average remaining contracted life of 6 years in revenue mechanisms like Feed in Tariff and Green Certificates, spans Portugal (422 MW), Poland (418 MW), and Italy (130 MW).

EDP's Strategy: This buyback not only provides immediate liquidity from well-contracted projects but also opens avenues for future growth through potential hybridization and repowering of assets.

Deepening Ties: Since their 2011 partnership, CTG has grown its stake in EDP to ~21%. This collaboration has been marked by 8 significant deals since 2017, showcasing a strong and growing alliance.

The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.

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