Abengoa Yield and NextEnergy investment and equity news

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Abengoa Yield has entered into an agreement with Abengoa to dropdown a second set of assets.

The assets – ATN2, an 82-mile transmission line in Peru; Shams, a 100 MW solar power asset in the UAE; Helioenergy 1-2, a 100 MW solar power asset in Spain; and Honaine and Skikda, two water desalination plants in Algeria – are valued at $142 million and the transaction has been approved by Abengoa Yield’s board of directors. Closure of the deal is subject to the satisfaction of customary conditions, including approvals from multiple agents.

Santiago Seage, CEO of Abengoa Yield, said, "This second dropdown will add 200 MW of installed capacity to our renewable portfolio, will reinforce our presence in the transmission lines sector and will permit us to enter into the water sector, which we expect will contribute to our future growth."

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