The
buyer
is
Borealis
Infrastructure,
which
manages
investments
on
behalf
of
one
of
Canada’s
largest
pension
funds.
EDPR
says
the
plants
concerned
were
installed
in
2007
and
2008,
and
all
have
long-term
power
purchase
agreements
in
place.
The
Portuguese
group
says
the
sale
is
the
first
under
its
“asset
rotation
strategy”,
which
it
announced
to
investors
in
May.
This
will
see
it
sell
minority
stakes
in
mature,
low-risk
projects,
releasing
funds
to
reinvest
in
new
developments
and
contributing
to
“EDPR’s
self-funding
growth
objective”.
EDPR
claims
the
deal
with
Borealis
creates
“a…
