Link Securities | The company announced yesterday the closing of the sale of 175 MW of hydroelectric power in Spain to Elawan Energy, a subsidiary of ORIX Corporation, after complying with the foreign investment condition to which the transaction was subject. Acciona Energy received €293 million for the sale, generating a capital gain of €180 million euros. The 175 MW object of the transaction corresponds to 100% of the Acciona Saltos de Agua, S.L. (ASA) group, comprising 23 small and medium-sized hydroelectric reservoir (77% of capacity) and run-of-river (23% of capacity) plants located in Aragon, Cantabria and Catalonia. The projects have long-term concession agreements with an average remaining life of 23 years. This operation is part of the company’s asset rotation strategy and highlights its value in the market.
Acciona Energía sells 175 MW of hydroelectric power in Spain to ORIX subsidiary Elawan Energy for €293 million
