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LONDON - Aquila European Renewables plc (AERI) announced Thursday that it has completed the sale of its Sagres asset for €14.7 million as part of its ongoing managed wind-down process.
The London-listed investment company, which is advised by Aquila Capital Investmentgesellschaft mbH, is now structuring the disposal of its remaining renewable energy portfolio through three separate processes.
AERI is currently in due diligence with a preferred bidder for a substantial portion of its assets, with transaction documents under negotiation. The company expects to update shareholders on this process in July 2025.
Additionally, AERI continues its focused sales process for assets operating across a single region, while planning an individual asset sale for its Finnish wind asset, Olhava.
The company indicated that the timing of the Olhava sale is being evaluated following recent changes in the balancing market during the second quarter of 2025, when Finland joined the European automatic Frequency Restoration Reserve platform PICASSO.
This announcement follows the company’s previous disclosures on May 1 and May 9, 2025, when it initially revealed plans to dispose of its assets through multiple sale processes.
The information was provided in a press release statement issued by the company.
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