CADE approves sale of 408 MW Alto Sertao Phase B to FIP PSS
Date
February 17, 2021
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
Brazil
Subsectors
Onshore Wind
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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.
