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ACCIONA Energía Sells 626MW of Hydroelectric Assets to Endesa

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ACCIONA Energía Sells 626MW of Hydroelectric Assets to Endesa

Corporacion Acciona Energias Renovables SA ( (ES:ANE) ) has issued an update.

ACCIONA Energía has completed the sale of 626MW of hydroelectric assets in Spain to Endesa for approximately €1,000 million. This transaction, involving 34 hydroelectric plants with an annual production of around 1.3 TWh, is part of ACCIONA Energía’s asset rotation strategy, emphasizing the value and strength of its assets in the renewable energy market.

More about Corporacion Acciona Energias Renovables SA

ACCIONA Energía is the largest 100% renewable energy company without a fossil legacy globally, boasting over 14GW of renewable energy capacity across 25 countries. With more than 30 years of experience, the company provides tailored energy solutions to help corporate and institutional clients achieve decarbonization goals, adhering to stringent environmental, social, and corporate governance (ESG) standards. ACCIONA S.A., a leader in regenerative solutions for a decarbonized economy, is the majority shareholder of ACCIONA Energía.

YTD Price Performance: 2.59%

Average Trading Volume: 18

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €5.99B

Find detailed analytics on ANE stock on TipRanks’ Stock Analysis page.

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