Reported by the Editorial Team
Acciona Energía has agreed to sell its remaining hydroelectric assets, a 64 MW portfolio comprising 18 small hydroelectric plants in Navarre and La Rioja, to White Summit Capital for €66 million, debt-free. The transaction, which is expected to close in the coming weeks, is forecast to generate capital gains of approximately €55 million.
Hydroelectric generation has been part of Acciona’s business since it entered the energy sector. With this move, the company completes its exit from this historic sector to focus on higher-growth technologies, such as wind and solar, through an asset rotation strategy aimed at optimising the group’s profitability.
The sale of this portfolio marks the third transaction in this segment since 2024. In July 2024, Acciona Energía sold Saltos de Agua—which owns 23 hydroelectric plants in Spain with a capacity of 175 MW—to Elawan, a subsidiary of the Japanese firm Orix, for €287 million, generating capital gains of around €170 million. In early 2025, the group divested itself of Corporación Acciona Hidráulica, which owned 34 hydroelectric plants in Aragon, Soria, Valencia and Navarre with a capacity of 626 MW. The transaction was valued at €1 billion, generating a profit of €620 million for Acciona.
