MADRID (Reuters) - Spanish renewable power company Acciona Energias has hired investment bank BNP Paribas (EPA:BNPP) to sell a portfolio of solar and wind power assets in Spain, Expansion newspaper reported on Tuesday, citing unidentified market sources.
The company intends to sell wind farms with a combined capacity of 308 MegaWatts and solar power projects with a combined potential capacity of 372 MW, the newspaper said, adding that the assets could be worth 500 million euros ($547 million).
Acciona Energias last month said it intended to raise cash from asset sales in 2024 to reduce its debt.
Acciona Energias did not immediately respond to a request for comment. BNP Paribas declined to comment.
With sunny plains, heavily dammed rivers and wind-swept hills, Spain is attracting investors to renewable energy projects as the government aims for ambitious carbon emissions reduction targets.
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