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”.
