Acciona Energia Offloads Spanish Hydro Assets
2025-02-28 13:46
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Wedoany.com Report-Feb 28, Acciona Energia has closed the sale of a 626MW hydroelectric portfolio in Spain to Endesa, after receiving the relevant authorisations.
Acciona Energia has received approximately €1bn for the transaction.
The 626MW included in the transaction corresponds to 34 hydroelectric plants located in Aragon, Soria, Valencia and Navarra, with long-term concession agreements with a remaining average life of around 30 years.
The facilities are reservoir (56% of capacity), flowing (30% of capacity), and pumping (14%) plants, with an annual production of around 1.3TWh.
This transaction is part of Acciona Energia's asset rotation strategy, highlighting the value and strength of its assets in the market.
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