GDF Suez has agreed the sale of 50% of its thermal and renewable power plants in Portugal to Japanese trading house, Marubeni Corporation.
The sale will decrease GDF’s debt by a combined 900million euros by the end of next year, the company claimed.
The French energy company will retain a 50% stake in its coal and gas-fired thermal power plants with a capacity of 2,400 megawatts and renewable assets with a capacity of 900 megawatts.
Meanwhile, Marubeni has also signed a deal with Ireland-based green energy developer Mainstream Renewable Power on its 25% equity stake worth 100million euro.
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