en.Wedoany.com Reported - Spanish renewable energy company ACCIONA Energía has reached an agreement to sell a 64MW hydropower asset portfolio in northern Spain to White Summit Capital, an energy transition infrastructure investment management firm. The transaction is structured on a debt-free basis, with an enterprise value of €66 million, and is expected to close within the coming weeks.

The portfolio comprises 17 small hydropower plants in the Navarre region and one in La Rioja. These small hydropower plants have individual installed capacities ranging from 1MW to 6.2MW, and all are backed by long-term concession agreements, providing stable contractual support for their operations. The sale is expected to generate a capital gain of approximately €55 million.

This transaction is part of ACCIONA Energía's selective asset rotation strategy, which aims to maximize project value, optimize capital allocation, and improve the company's financial position by divesting mature operating assets. Since 2024, ACCIONA Energía has reached agreements to sell nearly 2.7GW of renewable energy capacity across Spain, Peru, Costa Rica, South Africa, the United States, and Mexico, with total transaction values approaching €3.3 billion.

For the buyer, White Summit Capital, this acquisition aligns with its core strategy of investing in operating assets with long-term, stable cash flow characteristics. As major renewable energy developers shift toward asset-light models to free up capital, infrastructure fund managers are actively acquiring such mature assets that offer robust operational track records and long-term revenue visibility.

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