China Three Gorges Considers Bid for Spain’s Saeta Yield – Bloomberg

Corp is reportedly considering a takeover bid for Saeta Yield SA, a Spanish clean energy producer owned by Asset Inc's portfolio, Bloomberg reported on Monday.

To navigate potential regulatory obstacles, particularly in overlapping markets like Portugal, the Chinese state-owned power company is exploring the possibility of partnering with another entity for the transaction, according to sources familiar with the matter cited by the news agency.

Saeta Yield boasts a portfolio comprising 1,188 megawatts of clean energy capacity across and Portugal, encompassing wind, photovoltaic (PV), and solar thermal power plants, as detailed on its corporate website.

Brookfield's portfolio company TerraForm Power had previously taken Saeta Yield private in a transaction valued at USD 1.2 billion (EUR 1.12 billion) in 2018.

SUBSCRIBE

Related Articles

Popular Categories