Deals
Abengoa Sells First Assets to Yieldco for $323 Million
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Abengoa SA, the Spanish energy company that’s doubled in value this year, sold its first power plants to a yield company it spun off in June.
Abengoa sold two solar power plants and a wind farm for $323 million to Abengoa Yield Plc, the Seville-based company said today in a statement. The solar facilities include 131 megawatts from projects in Spain and the 50-megawatt Cadonal wind farm in Uruguay.