Acciona to sell 200 MW wind farms on energy reform

Jul 31, 2013 - Spanish infrastructure and renewable energy firm Acciona (MCE:ANA) decided to put up for sale 200 MW wind farms amid the falling revenue of its energy division, following the reform in the national energy sector, the company said yesterday.

The divestment measures will affect some 10% of Acciona's 2,416 MW wind capacity, installed in 13 countries worldwide.

Acciona, which considers that the new regulatory changes will have a negative effect on the sector investments, saw its first-half profit tumble 40% to EUR 48 million (USD 63.8m).

Indeed, investments made by Acciona's energy division were slashed by 51% year-on-year to EUR 95 million.

(EUR 1.0 = USD 1.330)

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