Aquila Capital agreed to acquire 100 MW hydropower portfolio from EDP

Aquila Capital, a German alternative asset management division of Aquila Group, has agreed with electricity supplier Energias de Portugal SA (EDP) to acquire a portfolio of 21 small hydropower plants in northern and central Portugal with a total capacity of about 100 megawatts.

The new hydropower portfolio consists of 14 run-of-river units and seven reservoir plants. It is diversified across 10 river systems and all plants have been in operation for several years.

EDP said it was selling its EDP Small Hydro SA subsidiary in a deal valued at US$187.2 million.