ACCIONA Energía has agreed to sell its entire stake in, Corporación Acciona Hidráulica S.L., to Endesa for €1 billion. This deal will generate €620 million in capital gains for ACCIONA Energía and is expected to close in the first half of 2025.
Corporación Acciona Hidráulica, S.L. owns and operates 34 hydroelectric power plants in Spain, totaling 626 MW of installed capacity. These plants are primarily located in Aragón, Navarra, Soria, and Valencia. They are backed by long-term concession agreements with an average remaining life of 30 years. The portfolio also consists of a diverse mix of reservoir, run-of-river, and pumped-storage hydro plants, generating approximately 1.3 TWh of electricity annually.
Earlier this year, in July 2024, ACCIONA Energía completed the sale of its entire stake in Acciona Saltos de Agua, S.L. group to Elawan Energy, a subsidiary of ORIX Corporation, in a debt-free transaction. The ASA portfolio included 23 hydroelectric plants with a combined capacity of 175 MW.
