EiDF sells self-consumption installations to Brookfield

EiDF has announced an agreement to sell its self-consumption solar installations in Spain to Brookfield as part of a restructuring effort. This sale allows EiDF to potentially deleverage and refocus its business strategy. For Brookfield, the acquisition represents an opportunity to expand its renewable energy portfolio in the Spanish market, leveraging its expertise in long-term asset management. The financial details of the transaction remain undisclosed, making it difficult to fully assess the deal's impact on both companies. The deal is notable due to the involvement of Brookfield, a leading global investment firm with a significant presence in the renewable energy sector. While the specific capacity and value are not disclosed, the transaction highlights the continued interest of large institutional investors in distributed solar generation assets. The sale also underscores the financial pressures faced by some players in the renewable energy sector, leading to strategic asset disposals. The completion of this transaction is contingent on customary closing conditions.