en.Wedoany.com Reported - ACCIONA Energía has agreed to sell its 64MW hydropower portfolio in northern Spain to White Summit Capital, an infrastructure investment management firm focused on the energy transition.

The transaction is valued at €66 million on a debt-free basis and covers 18 small hydropower plants. Of these, 17 are located in Navarra and one in La Rioja. The plants have installed capacities ranging from 1MW to 6.2MW and operate under long-term concession agreements.

The deal is expected to close in the coming weeks and will generate an estimated capital gain of approximately €55 million for ACCIONA Energía.

ACCIONA Energía stated that this move is part of its selective asset rotation strategy, aimed at enhancing project value, optimizing capital allocation, and strengthening financial position.

Since 2024, ACCIONA Energía has reached agreements to sell nearly 2.7GW of renewable energy capacity in Spain, Peru, Costa Rica, South Africa, the United States, and Mexico, with a total transaction value close to €3.3 billion.

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