Endesa buys 626 MW hydro assets from Acciona for $1.1 bln

Corporacion Acciona Energias Renovables SA

15/11/2024 16:42

MADRID, Nov 15 (Reuters) - Spanish power utility Endesa
 ELE.MC  has agreed to buy 626 megawatts (MW) of hydroelectric
assets from power company Acciona Energia  ANE.MC  for 1 billion
euros ($1.05 billion), Acciona Energia said on Friday. 
    The deal follows the recent sale by Acciona Energia,
controlled by construction conglomerate Acciona  ANA.MC , of 175
MW of hydroelectric generation capacity as part of its strategy
to strengthen its balance sheet through disposals.
    Endesa, owned by Italian energy giant Enel  ENEI.MI , was
advised by Rothschild.

($1 = 0.9483 euros)

 (Reporting by Pietro Lombardi, Editing by Louise Heavens)
 ((Pietro.Lombardi@thomsonreuters.com;))