Oct 3 (Reuters) – EDP Renovaveis SA: * COMPLETION OF ASSET ROTATION DEAL FOR A 1.6 GW PORTFOLIO IN US * TOTAL ESTIMATED ENTERPRISE VALUE FOR 100% OF PORTFOLIO AMOUNTS TO ABOUT $2.9 BILLION * CLOSED AGREEMENT TO SELL A STRAIGHT 49% COMMON EQUITY STAKE IN A 1,632 MW PORTFOLIO IN US TO A FUND MANAGED BY ARES INFRASTRUCTURE OPPORTUNITIES STRATEGY * EDPR WILL RECEIVE ABOUT $0.8 BILLION IN PROCEEDS * PORTFOLIO COMPRISES FIVE PROJECTS IN OPERATION, AS WELL AS FIVE PROJECTS CURRENTLY UNDER CONSTRUCTION, WITH COMMERCIAL OPERATION DATES UNTIL 2026 Source text Further company coverage: (Gdansk Newsroom)
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