BNDES approves sale of 583 MW wind power portfolio from Eletrobras
The Brazilian Development Bank (BNDES) has approved the sale of the equity shares in the 583 MW wind power portfolio located in Brazil to energy developer Omega Geracao. The deal includes a 78% stake in the Eolica Santa Vitoria do Palmar and a 99.99% interest in the Hermenegildo I, II, III, and Chui IX special purpose companies (SPEs).
Eletrobras has sold the controlling interest in the wind projects for a total deal of approximately BRL1.5 billion (US$281.7 million).
In Septemer, the Administrative Council for Economic Defense (CADE) of Brazil has approved the sale of an interest in the wind complex. The deal is still subjected to approval by the South Regional Development Bank (BRDE) of Brazil.
Country updates
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December 17, 2020
AES Tiete finalizes 187 MW Ventus Wind Complex in Rio Grande do Norte
AES Tietê Energia SA has concluded the acquisition of all shares representing the capital of the special purpose entities comprising the Brasventos Eolo (former Rei dos Ventos 1), Rei dos Ventos...
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December 15, 2020
Vale plans to build 766 MW solar project in Brazil
Vale SA is planning to build a 766 MW solar photovoltaic project in the municipality of Jaiba in Minas Gerais State in Brazil. The Sol do Cerrado project includes 17 sub-parks, im...
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December 14, 2020
BNDES lends BRL568mn for Jerusalem wind complex expansion
Brazilian development bank, Banco Nacional de Desenvolvimento Econômico e Social (BNDES), has approved the BRL568 million (US$107 million) loan for the EDP Renovaveis (EDPR) to expand the d...
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December 14, 2020
Total Eren closes financing for 159.7 MW greenfield wind portfolio in Rio Grande do Norte
Astris Finance has announced the closing of the financings in connection with Terra Santa and Maral wind projects, consisting in the raising of a BRL423m (US$78.8 million) financing for a 159.7 MW gre...
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December 11, 2020
Canadian Solar signs PPA for 862 MWp of Brazilian solar projects
Canadian Solar Inc. has signed a power purchase agreement (PPA) with BTG Pactual and that it was awarded with two projects in a private auction by Furnas Centrais Elétricas for a total of 862 M...
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