Portugal's EDPR Gets $141 Million In Financing From Wells Fargo
June 28 2010 - 2:27AM
Dow Jones News
Portuguese renewable energy company EDP Renovaveis SA (EDPR.LB)
through its U.S. unit Horizon Wind Energy LLC has secured $141
million of institutional equity financing from Wells Fargo Wind
Holdings LLC, EDPR said in a regulatory filing Monday.
Wells Fargo Wind Holdings in exchange will gain an interest in
EDPR's Vento III wind farm portfolio, which has a total of 604
megawatts electricity producing capacity.
The financing deal comes at a time when most Portuguese
companies are shut off from bank financing due to concerns about
the country's sovereign debt crisis.
-By Bernd Radowitz, Dow Jones Newswires; +34-91-395 8125;
djmadrid@dowjones.com;
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