LISBON--Portuguese renewable-energy company EDP Renovaveis SA
(EDPR.LB) said Tuesday it is to sell a 49% stake in four U.S. wind
farms to Canada's Borealis Infrastructure for $230 million.
The wind farms have 599 megawatts in combined installed capacity
and long-term power purchase agreements. Borealis is the
infrastructure investment arm of one of Canada's largest pension
The deal is part of EDPR's plan, announced in May, to sell
minority stakes in mature projects.
In a separate earnings presentation, EDPR said it expects to
complete a similar deal with China's Three Gorges Corp. this
EDPR is the renewable-energy unit of Energias de Portugal
(EDP.LB), which is 21%-owned by the Chinese company after the
government sold its stake under Portugal's bailout program.
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