Spain: ACCIONA Energía closes the sale of 626MW hydro assets in Spain to Endesa Energy

ACCIONA Energía has announced the closing of the sale of 626MW hydro assets to Endesa, after receiving the relevant authorizations. 

ACCIONA Energía has received approximately €1 billion for the transaction. The 626MW transaction corresponds to 34 hydroelectric plants located in the Spanish regions of Aragón, Navarra, Soria and Valencia. These plants operate under long-term concession agreements, with an average remaining duration of approximately 30 years. The assets include reservoir (56% of capacity), run-of-river (30% of capacity), and pumped-storage (14%) hydroelectric plants, with a total annual production of around 1.3 TWh.

This transaction is part of ACCIONA Energía's asset rotation strategy, and highlights the value and strength of its assets in the market.

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Source: ACCIONA Energía