-
€293 MILLION
The transaction comprises 23 hydroelectric power plants with an average remaining concession of 23 years
ACCIONA Energía announced today the closing of the sale of 175MW of hydroelectric power in Spain to Elawan Energy, a subsidiary of ORIX Corporation, after meeting the foreign investment condition that the transaction was subject to.
ACCIONA Energía has received €293 million for the sale, generating capital gains of €180 million.
The 175MW transaction corresponds to a 100% sale of the Acciona Saltos de Agua, S.L. (ASA) group, comprised of 23 reservoir (77% of the capacity) and run-of-river (23% of the capacity) hydropower plants ranging from small to medium scale. The assets are located in Aragon, Cantabria and Catalonia, and have long-term concession agreements with an average remaining life of 23 years.
This transaction is part of the company's asset rotation strategy and highlights the value of its business.