Selling the grid
EDPSA is a diversified energy and utility company headquartered in Portugal, the
principal subsidiaries of which own or operate assets in various European countries as well as in
Brazil, Mexico, Canada and, through EDPRNA, the United States. EDPSA is structured as a
company the subsidiaries of which hold interests in electricity generation and distribution
companies, gas supply and distribution companies, and a number of other energy and non-energy
related business ventures
China Three Gorges Corporation (“CTG”) indirectly owns a 20.22% voting equity
interest in EDPSA.15 As a result, CTG indirectly owns a 15.16% interest in EDPRNA and
therefore indirectly owns a 10% or greater interest in Sellers. CTG has no representation on
EDPRNA’s executive management team and has no day-to-day control over Sellers.
CTG is a wholly state-owned enterprise of the People’s Republic of China (“PRC”) and
an independent power producer in China.16 The entire equity interest in CTG is held by the
state-owned Assets Supervision and Administration Commission, the PRC government agency
established by the State Council17 that supervises the operations of state-owned enterprises
within the PRC
the upstream owners of EDPRNA. As of the date of this filing, BlackRock owns a 2.90% voting interest
in EDP Renováveis and a 9.095% voting interest in EDPSA. However, in order to comply with certain
requirements under Spanish law, BlackRock’s internal controls and procedures restrict BlackRock from
exercising votes representing more than a 2.95% voting interest on matters directly affecting EDP
Renováveis. Therefore, BlackRock is not an “ultimate upstream affiliate” of EDPRNA or Sellers.
Here comes the sun
Request for Blanket Section 204 Authorization (web search)
Deerfield Wind Energy 2, LLC'
CPV Retail Energy LP
EcoPlus Power, LLC
Great Prairie Wind, LLC
Caddo Wind, LLC
Solar 1, LLC
Invenergy Nelson Expansion LLC
EDPR CA Solar Park II LLC
Bakeoven Solar, LLC
Joliet Battery Storage LLC
and more
https://www.edpr.com/en/associations-0
https://www.edpr.com/en/news/2022/04/26/blackrock-notifies-change-qualified-shareholding-edpr
Blackrock notifies change in qualified shareholding in EDPR
TUESDAY 26, APRIL 2022
Madrid, April 25th 2022: EDP Renováveis, S.A. (“EDPR”) is providing the following information to the market:
Blackrock Inc. (“Blackrock”) has notified EDPR that, in accordance with article 23 of Royal Decree 1362/2007 and as a result of transactions executed on April 22nd 2022, it has crossed the 3% minimum threshold for qualified shareholding positions.
Following such transactions, Blackrock is attributed with 28,055,101 voting rights in EDPR, corresponding to 2.920% of the aggregate voting rights in the company.
Please find in attachment the notice and regulatory form received from Blackrock.
This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council and of article 248.º-A of the Portuguese Securities code.