ACCIONA Energía has reached an agreement for the sale of a 64MW hydro portfolio in northern Spain to White Summit Capital, an infrastructure manager specializing in the energy transition. The transaction is valued at 66 million and is debt-free.
The portfolio comprises 17 small hydroelectric plants in Navarra and one in La Rioja with capacities ranging from 1MW to 6.2MW and long-term concession agreements. The transaction is expected to close in the coming weeks, generating an estimated capital gain of 55 million.
The sale represents a further step forward in ACCIONA Energía's selective asset rotation strategy, aimed at maximizing the value of its projects and optimizing capital allocation, while strengthening the company's financial position.
Since 2024, the company has reached agreements for the sale of nearly 2.7GW of renewable capacity in Spain, Peru, Costa Rica, South Africa, the United States, and Mexico, for close to 3.3 billion.
