Our foundation: acciona.org Initiatives we support Our strategy Sustainable Development Goals Climate emergency Social development Sustainability indices Sustainable Development Alliances Technology and innovation centres Open and collaborative innovation Digital hub Innovation projects Job offers Graduates and internships Diversity, equity and inclusion Safety, health and well-being Training Selection process Energy Transport Water Social Cities Real Estate Financial Integrated annual reports Annual accounts Results, reports & presentations Average period of payment to suppliers Ratings Share price Dividends Analyst opinions Investor calendar General Shareholders' Meeting Board of Directors and Committees Management team Share capital Annual Corporate Governance Report Director remuneration Governance rules and compliance Framework Agreement CNMV Communications Sustainable finance
Energy 2024-11-15

  • TRANSACTION. Closing is anticipated in the first half of 2025 and will generate estimated capital gains of €620 million.

ACCIONA Energía has reached an agreement with Endesa for the sale of 100% of the Corporación Acciona Hidráulica, S.L. company for €1 billion (Enterprise Value). 

The transaction is free of debt and will generate estimated capital gains of €620 million. Closing is anticipated in the first half of 2025, following the necessary antitrust and foreign investment clearances.

The portfolio of Corporación Acciona Hidráulica S.L. is made up of 34 hydroelectric plants, with a total installed capacity of 626MW. The plants are located in the Spanish regions of Aragón, Navarra, Soria and Valencia, and have long-term concession agreements with an average remaining life of around 30 years.

The portfolio is comprised of reservoir (56% of capacity), run-of-river (30% of capacity), and pumped-storage (14%) hydroelectric plants, with an annual production of around 1.3 TWh.

The transaction is part of ACCIONA Energía's asset rotation strategy, and it follows the sale of 175MW of hydropower to Elawan Energy, a subsidiary of ORIX Corporation, for €293 million earlier this month.

"We're not just driving sustainable development and the fight against climate change, we're creating awareness to help you join the movement too. Click on the links to find out more about renewable energies, water treatment, green hydrogen or related topics."