EDP Sells Stake in 1.6-GW U.S. Renewables Portfolio

October 7, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Energias de Portugal's (EDP) (Lisbon, Portugal) renewables arm, EDP Renewables, said Friday it completed the sale of a 49% stake in a 1.6-gigawatt (GW) portfolio of unnamed solar, wind and storage assets across the U.S to investment manager Ares Management Corporation (Los Angeles, California). Although EDP did not indicate the specific assets, the company said five projects are operational, while another five are under construction with commercial operation dates through the end of the year.