EDP Renovaveis Signs $0.5 Billion Deal to Build 225 MW Solar Project for WEC in Wisconsin

Reuters11-20
EDP Renovaveis Signs $0.5 Billion Deal to Build 225 MW Solar Project for WEC in Wisconsin

EDP Renováveis SA (EDPR), through its subsidiary EDP Renewables North America LLC, has signed an Asset Purchase Agreement with WEC Energy Group $(WEC)$ for the development and construction of a 225 MWac (approximately 300 MWdc) solar project in Wisconsin, US. The estimated enterprise value of the agreement is $0.5 billion. The project is subject to final approval by the Public Service Commission of Wisconsin and is planned to become operational by 2028, at which point the transaction would be completed. This marks the fourth transaction of a similar nature executed by EDPR in the US since 2019. Completion of the transaction is subject to regulatory approval and customary closing conditions.

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