EDPR reinforces its presence in the Asia-Pacific region through the investment in the Singaporean group Sunseap
EDPR has acquired 87.4% stake in the Singaporean company, the largest distributed solar player and top 4 solar player in South East Asia. The agreement reached amounts to a total consideration of €0.6bn and the implied enterprise value is €870m. The transaction allows EDPR to establish its presence in Asia Pacific with 540 MW of operational and under construction solar projects and a sizeable portfolio at different stages of development, namely 5.5 GW of renewable projects.