EDP sells 80% stake in 384-MW US solar, battery storage portfolio for USD 450 million

Reuters2026/07/27 16:16

By:Reuters

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EDP agreed to sell an 80% stake in a 384-MW US solar and battery storage portfolio to an Ares Infrastructure Equity-managed fund.
Portfolio includes a 200-MW solar project, 184-MW battery energy storage system in California; both backed by 20-year contracted revenue.
Implied enterprise value for 100% at commercial operation about USD 800 million.
EDP Renewables to receive about USD 450 million for the 80% stake; half at financial close, remainder at commercial operation.
Deal implies about a 40% gross gain on invested capital, subject to final adjustments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EDP SA published the original content used to generate this news brief on July 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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EDP sells 80% stake in 384-MW US solar, battery storage portfolio for USD 450 million

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