POST Online Media Lite Edition



 

ENGIE and partners acquire hydroelectric portfolio for €2.2 billion

Christian Fernsby |
ENGIE, together with its consortium partners Crédit Agricole Assurances and Mirova, an affiliate of Natixis Investment Managers, got a competitive process conducted by EDP for the acquisition of a hydroelectric portfolio in Portugal, for an enterprise value and consideration of €2.2 billion.

Article continues below



Topics: ENGIE    HYDROELECTRIC   

The hydroelectric portfolio has a generation capacity of 1.7 GW with a weighted average remaining concession term of 45 years, and includes three newly commissioned pump storage units along with three recently repowered run-of-river plants.

ENGIE, as the industrial partner for the consortium, will operate and maintain the hydroelectric portfolio and also provide energy management services.


What to read next

Engie, CDPQ to acquire stake in Brazilian pipeline operator TAG for $8.6bn
Engie secures 230MW solar projects in French auction
Engie and Meridiam got money for two solar photovoltaic projects in Senegal