EDP Renováveis to Exit Brazil Operations Through €683 Million Sale to Parent Company
EDP announced the integration of EDP Renováveis Brasil (1.8 GW installed capacity: 1.1 GW onshore wind and 0.7 GW solar utility scale) into its subsidiary EDP Brasil for approximately 4.1 billion reais (€700 million equity value, €1.5 billion enterprise value). This restructuring allows EDPR to concentrate on higher-growth markets in the US and Europe, increasing the weight of A-rated markets from 90% to over 95% of EBITDA. The transaction is expected to close by end of 2026.