Brookfield Weighs Bid for Iberian Hydro Assets Owned by China Three Gorges
- EDP is also gauging interest from Engie, Iberdrola, Macquarie
- Assets in Spain, Portugal may fetch about 2 billion euros
Wind turbines stand on a hill near the hydro electric project by EDP-Energias de Portugal SA's renewables unit, EDP Renovaveis SA in Alto Rabago, Portugal.
Photographer: Daniel Rodrigues/BloombergBrookfield Asset Management Inc. and Endesa SA are among companies weighing bids for a package of EDP-Energias de Portugal SA electricity assets that could fetch about 2 billion euros ($2.3 billion), people familiar with the matter said.
The Portuguese utility is expecting initial bids later this month for about 2 gigawatts of hydroelectric power projects in Spain and Portugal, the people said, asking not to be identified because the information is private. EDP is also gauging interest from other potential suitors including French utility Engie SA, Iberdrola SA and an infrastructure arm of Macquarie Group Ltd., they said.