Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the company that develops innovative technology solutions for sustainable development in the energy and environment sectors, today announced it has entered into a definitive agreement with Abengoa Yield, subject to the closing of financing, to sell three renewable facilities for a total amount of $323 million. The transaction has been approved by both Abengoa Yield’s and Abengoa’s boards of directors.
The renewable assets sold consist of:
- Solacor and PS, Concentrating Solar Power assets with a combined capacity of 131 MW located in Spain,
- Cadonal, a 50 MW wind farm located in Uruguay.
The closing of the operation is scheduled to be formalized before the end of the year and is framed within the Right Of First Refusal agreement signed by both companies.
Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB) applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water. (www.abengoa.com)