EDP Renewables sells 80% stake in 384-MW US solar and storage portfolio to Ares fund for USD 0.45 billion proceeds

• EDP Renewables signed a deal to sell an 80% common equity stake in a 384 MW US solar and storage portfolio to an Ares infrastructure fund.
• Implied enterprise value for 100% at start of operations is USD 0.8 billion; expected proceeds are about USD 0.45 billion, split between close and COD.
• Portfolio includes 200 MW solar contracted under a 20-year PPA; 184 MW BESS backed by a 20-year capacity tolling agreement.
• EDPR expects a gain of about 40% over gross invested capital, above its 2026-28 asset rotation target of about 15%.

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 Renewables SA published the original content used to generate this news brief on July 27, 2026, and is solely responsible for the information contained therein.