PARIS Aug 5 French gas and power company GDF
Suez has agreed to sell 50 percent of a 3,300 megawatt
portfolio of thermal and renewable power generation assets in
Portugal to Japanese trading house Marubeni Corporation
GDF did not say how much Marubeni paid, but added the sale
would result in a reduction of around 600 million euros in its
consolidated net debt this year and 300 million euros in 2014.
GDF will keep a 50 percent stake in the joint venture
established by the agreement and will continue to operate the
assets, which consist of coal and gas-fired thermal power plants
with a capacity of 2,400 megawatts and renewable assets - mainly
wind - with a capacity of 900 megawatts.
Marubeni also announced it is taking a 25 percent equity
stake in Ireland-based green energy developer Mainstream
The 100 million euro equity deal will allow the trading
house to have representation on the company's board of directors
Mainstream Renewable Power builds wind and solar projects
and has over 19 gigawatts (GW) of capacity in its global
In Europe it is developing just under 8 GW of offshore wind
projects located in England, Scotland and Germany.