• The alliance with Macquarie in electricity distribution adds more than 52,000 kilometers of networks and 1.3 million supply points
  • The renewable assets, 500 MW, are integrated into EDPR
  • With this investment, EDP reinforces its presence in Spain and its leadership in the energy transition

Oviedo, December 16, 2020

EDP and Macquarie Infrastructure and Real Assets have completed the acquisition of Viesgo announced in July, after receiving approvals from the European Commission and the Council of Ministers of the Government of Spain.

  • The alliance with Macquarie in electricity distribution adds more than 52,000 kilometers of networks and 1.3 million supply points
  • The renewable assets, 500 MW, are integrated into EDPR
  • With this investment, EDP reinforces its presence in Spain and its leadership in the energy transition

Oviedo, December 16, 2020

EDP and Macquarie Infrastructure and Real Assets have completed the acquisition of Viesgo announced in July, after receiving approvals from the European Commission and the Council of Ministers of the Government of Spain.

The agreement includes electricity distribution assets, 500 MW of renewable generation and two thermal power plants, which are in the process of being dismantled and add up to almost 1 GW of potential access rights to the grid.

With this operation, EDP will manage and consolidate the electricity distribution assets of the three distribution companies Viesgo, Begasa and E-Redes, through an alliance with Macquarie Infrastructure and Real Assets, where EDP will maintain 75.1% and Macquarie Super Core Infrastructure Fund 24.9%. Between the three distributors there are more than 52,000 kilometers of networks and 1.3 million supply points.

Regarding the 500 MW of renewable assets, mainly wind power, EDP has integrated them into its subsidiary EDPR.

The purchase of Viesgo’s assets, worth 2.7 billion euros, contributes to the achievement of the EDP Group’s Strategic Plan 2019-2022, focused on growth in renewable energies and distribution networks. At the same time, it reinforces EDP’s presence in Spain and strengthens the company’s leadership in the energy transition.

The CEO of EDP Spain, Rui Teixeira, has underlined: “We concluded a strategic operation for EDP, which contributes to achieving the objectives that we have set for ourselves for 2022, through growth in renewable energies and in distribution networks. We continue to create value. with our investments, at the same time we are reinforcing our commitment to our large customers and new products and services linked to self-consumption and electric mobility, as vectors that will allow us to accelerate the energy transition “.

For his part, Juan Caño, head of Macquarie Infrastructure and Real Assets in the Iberian Peninsula and a member of the Viesgo Board of Directors, stated: “Viesgo is focused on the future of energy. Through this long-term agreement with EDP, we guarantee that this important business continues to develop its network infrastructure and supply electricity in a safe, reliable and sustainable way. “