EDPR to add 613 MW of wind projects

Portuguese Competition Authority has approved EDP Renováveis S.A. (EDPR) plans to add 613 MW of wind projects in Portugal from ENEOP – Eólicas de Portugal, S.A.

ENEOP, in which EDPR has a 40% interest, has today a total capacity of 1,332 MW. The shareholders of ENEOP have already agreed on the asset split process, in which certain assets will be allocated to each shareholder.

The final financial agreements of the asset split process are undergoing and expected to be completed over the next months.

With the completion of this process, EDPR assets in Portugal will total 1,243 MW.

In late July we reported that EDP Renováveis S.A. (EDPR) reached agreements with Repsol Nuevas Energías S.A. to exchange offshore wind projects in Scotland. With the conclusion of these transactions EDPR will fully own the Moray offshore project, while Repsol will fully own the Inch Cape offshore project.