EDPR concludes sale of 137 MW Babilonia wind farm in Bahia to Actis

EDP Renováveis, S.A. (EDPR) has completed the sale of its full equity shareholding in an operating onshore wind project with 137 MW of installed capacity, to an affiliate of Actis, for a total consideration of BRL598 million (US$137 million) equity value; corresponding to an enterprise value of BRL1.2 billion (US$278 million).

In detail, Babilonia 137 MW wind farm is located in the state of Bahia, Brazil, and has been in operation since 4Q 2018. The project, which was fully owned by EDPR, was awarded a 20-year PPA in the LER 2015 auction.