Nordex poised to sell large asset portfolio
Germany's largest utility aims to expand its renewable energy portfolio with the purchase of a 2.7 GW project pipeline, mainly in France but also in Sweden, Spain and Poland.
Nordex is close to securing a much-needed capital injection. The German OEM has entered exclusive talks with major compatriot utility RWE regarding the sale of a 2.6 GW onshore wind project portfolio as well as roughly 100 MW of solar capacity for a reported price of EUR 405.2 million. Pending final signatures and authorities' rubber stamp, the transaction is expected to be executed in this year's fourth quarter, RWE and Nordex inform in separate statements.
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