Acciona Energia Offloads Spanish Hydro Assets

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.