EDP of Portugal Acquires Major U.S. Producer of Wind Energy

Skadden, Arps is representing EDP - Energias de Portugal, S.A., the national electricity company in Portugal, in its approximately US$2.9 billion acquisition of Horizon Wind Energy LLC, an owner and operator of wind power generation facilities in the United States, from The Goldman Sachs Group, Inc. The transaction closed on July 2. The acquisition reinforces EDP's position as a global leader in renewable energies.