EDP Renovables offshore wind subsidiary, Ocean Winds, sells stake in wind farm to Allianz GI for €200 million
Intermoney | The renewable energy company (Buy, PO €15) announced after the market closed yesterday that its offshore wind subsidiary Ocean Winds (OW) has sold a 20.25% stake in a wind farm to Allianz Global Investors for around €200 million, which, according to EDPR, would imply an implicit valuation of €5.6 million per MW. OW is 50% owned by EDPR and ENGIE, and the Portuguese company consolidates it using the…
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