July 9 (Renewables Now) - RP Global has sold a 90% stake in 33 MW of small hydropower plants (HPPs) in Portugal to Mirova, an infrastructure fund attached to French corporate bank Natixis SA (EPA:KN).
The portfolio consists of four operating small HPPs located in the District of Viseu, northern Portugal, RP Global informed on Tuesday. The multinational independent power producer (IPP) will remain tied to the plants as their operator. Financial details of the sale were not disclosed.
The latest transaction marks the third partnership between Mirova and RP Global. In 2016 and 2017, RP Global sold a majority stake in its 77.9-MW wind pipeline on Croatia’s Dalmatian coast to Mirova.