Galp Energia Could be Preparing for Sale of Solar and Wind Portfolio

Dow Jones07-27 15:58

0757 GMT - Portuguese energy company Galp Energia could be taking the first step toward selling its solar and wind portfolio, RBC Capital Markets analyst Biraj Borkhataria writes. Galp is buying 15 onshore wind farms in Spain in a 420-million-euro deal. It follows the acquisition of another portfolio in April in a 320-million-euro deal. Galp previously held a predominantly solar portfolio and the wind acquisitions could be the first step to selling the entire portfolio, he says. This is because the combination of wind and solar would likely achieve a better valuation than a solar-only portfolio, Borkhataria says. Shares fall 3.6% to 19.31 euros. (adam.whittaker@wsj.com)

 

(END) Dow Jones Newswires

July 27, 2026 03:58 ET (07:58 GMT)

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