Brazil's CADE approves Brasil Energia's buyout of Engie Geracao Solar Distribuida
Brazil's Administrative Council for Economic Defense (CADE) has approved the buyout of Engie Brasil Energia, a unit of Engie, of the remaining 50% stakes it does not own in Engie Geracao Solar Distribuida SA from local firms RPF and Dual G.
With the closing of the deal, Engie Brasil will now hold 100% of the shares of Engie Solar.
Engie Solar specializes in PV energy solutions for residential, commercial and industrial use. It develops, installs, operates and maintains solar systems with an output of less than 5 MW.
Country updates
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July 17, 2018
Eletropar sold its Eletropaulo stake for USD25 million
Eletrobras Participacoes SA also known as Eletropar has divested its stake in Brazilian power distributor, Eletropaulo. The transaction cost has amounted to BRL95.37 million (US$ 24.7...
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July 16, 2018
Enel completes additional stakes acquisition in Eletropaulo
Enel has completed the acquisition of an additional 5.5% stakes in Brazilian power distributor Eletropaulo. The company has bought 9.28 million shares from minority stockholders wh...
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July 10, 2018
Nordex has won a contract to supply and build and erect the turbines for the wind project
Nordex has won a contract to supply and build and erect the turbines for the wind project. Installation work will start in October 2019 and the company is to service the machines for at least two years after project completion
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July 09, 2018
Brazil has allowed the project to enter the national Incentive Regime for Infrastructure Development (REIDI) and issue infrastructure debentures
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July 06, 2018
Central Eolica Campo Largo VII is now operational
The 29.7 MW Central Eolica Campo Largo VII wind facility located in Bahia, Brazil, has been brought online. The scheme is part of the 326.7 MW Campo Largo Fase I complex.
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