Global Infrastructure SherpaChina Three Gorges completes acquisition of remaining stake in EDP Renováveis
China Three Gorges completed the acquisition of the remaining stake in EDP Renováveis, a renewable energy company based in Portugal. This acquisition strengthens China Three Gorges' position in the European renewable energy market.
Source Intelligence
The transaction involves the sale of 49% equity shareholding and shareholder loans. "Completion of the sale of 49% equity shareholding and shareholder loans in a portfolio of 422 MW of wind assets located in Portugal". The assets were part of the ENEOP project. "The transaction scope covers assets that were part of ENEOP project and have been fully consolidated at EDPR following the conclusion of the asset split process in 2015."
"EDPR announces the completion of the sale of a minority stake in Portuguese assets to CTG"
"to ACE Portugal Sàrl, which is 100% owned by ACE Investment Fund II LP – an entity participated of China Three Gorges Hong Kong Ltd ("CTG HK"), a fully-owned subsidiary of China Three Gorges ("CTG")"
"China Three Gorges Hong Kong Ltd ("CTG HK"), a fully-owned subsidiary of China Three Gorges ("CTG")"
"a fully-owned subsidiary of China Three Gorges ("CTG")"
"EDP Renováveis, S.A. ("EDPR"), 77.5% controlled by EDP"