CADE approves sale of 408 MW Alto Sertao Phase B to FIP PSS
The Brazilian regulator CADE has approves the binding offer of Prisma Capital Ltda to acquire 100% of SPE ASIII Phase B, the special purpose entity (SPE) that holds the 408 MW Phase B of Alto Sertao III wind project.
FIP PSS, an investment fund managed by Prisma Capital, has entered a deal with Renova Energia SA to acquire the project for BRL50 million (US$9.5 million).
The 408 MW Phase B of Alto Sertão III wind complex is installed across several municipalities in Bahia. The complex is composed of up to 265 wind turbines.
Country updates
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February 16, 2021
SPIC completes acquisition of stake in GNA I and GNA II LNG-to-power projects in Rio de Janeiro
The Brazilian unit of State Power Investment Corporation, SPIC Brasil, has completed the acquisition of 33.3% stakes into two LNG-to-power projects in Brazil. SPIC Brasil has closed t...
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February 15, 2021
Petrobras, Mubadala Capital close deal for Landulpho Alves Refinery (RLAM) sale
Petróleo Brasileiro S.A., commonly known as Petrobras, has concluded the final round of the binding phase of the sale process of the Landulpho Alves Refinery (RLAM) and its associated logistics asset...
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February 15, 2021
ISA CTEEP secures installation license for the Tres Lagoas Project
ISA CTEEP, the largest private energy transmitter in the country, obtained the Installation License (IL) for the Três Lagoas project, which connects the states of Mato Grosso do Sul and Sã...
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February 09, 2021
CADE approves AES Brasil acquisition of 158.5 MW wind complex from Cubico
The Administrative Council for Economic Defense (also known as CADE) of Brazil has approved the acquisition of a 158.5 wind complex by AES Brasil (AES Tiete Energia) from the subsidiary of Cubico...
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February 09, 2021
BNDES supports BRL941.6 million for the 40 MW UTE Sao Martinho Bioenergia project in Pradopolis
Brazil's National Development Bank (BNDES) has approved funding of BRL941.6 million (US$175.32 million) to support Sao Martinho SA for the development of the 40 MW UTE Sao Martinho Bioenergia pro...
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