MADRID, June 28 (Reuters) - Four bidders - China Three
Gorges, UAE firm Masdar and French energy companies
Engie and Total are expected to file final
offers to buy Spanish renewables firm Saeta Yield, newspaper
Cinco Dias reported on Friday.
Saeta Yield, owned by Canadian fund Brookfield, is
valued at an estimated 1.7 billion euros ($1.82
billion)including debt, the Spanish newspaper reported, citing
unidentified financial sources.
Brookfield started the sales process last year, sources told
Reuters in December. It bought the company from Spanish
construction group ACS for 1 billion euros in 2018.
Saeta Yield owns 28 wind farms, 10 photovoltaic parks and 7
solar thermal plants in Spain and Portugal, according to its
website. Brookfield intends to retain the thermal plants, Cinco
Dias reported.
Brookfield, Masdar, Engie and Total did not immediately
respond to requests for comment. Three Gorges was not
immediately available for comment.
Spain and Portugal's abundant solar and wind resources and
their governments' carbon emission reduction targets are
attracting both domestic and foreign investors.
($1 = 0.9350 euros)