CADE approves sale of interest in 583 MW wind portfolio of Eletrobras
The Administrative Council for Economic Defense (CADE) of Brazil has approved the sale of equity interest in 583 MW wind portfolio in the state of Rio Grande do Sul owned by Centrais Eletricas Brasileiras SA (Eletrobras) to Omega Geracao SA.
The deal includes the sale of 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).
The transaction is expected to value up to BRL1.5 billion (US$2.79 billion) including the assumption of debt.
Country updates
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September 11, 2020
Voltalia signs PPA with Brazilian utilities Copel for a new 260 MW solar plant
Voltalia has signed a longterm power sale contract with Copel, a Brazilian utility company for the new 260 MW solar photovoltaic plant located in Voltalia’s Brazilian cluster of Serra Branca in...
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September 07, 2020
Pátria Investimentos closes fourth infra fund with BRL10bn commitment
Brazilian asset manager Pátria Investimentos has closed its fourth infrastructure fund, Patria Latam Infrastructure Fund IV, with BRL10 billion (US$1.86 billion) commitment from investors....
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September 03, 2020
Neoenergia secures BRL715mn loan from BNB for Oitis Wind Complex development
Spanish renewables company Iberdrola SA unit, Neoenergia SA, has secured a BRL715 million (US$133.30 million) loan for the development of the 566.5 MW Oitis Wind Complex in the states of Pia...
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September 03, 2020
Vestas supplies turbines for two wind projects in Piaui
Vestas has received a 409 MW order from the joint venture between Votorantim Energia and the Canadian fund CPP Investments for the projects Ventos do Piauí II and Ventos do Piauí III, in...
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August 31, 2020
Vales installs 10 MWh battery energy storage system (BESS) at Ilha Guaíba terminal
Vale is installing at Ilha Guaíba terminal (TIG), in Rio de Janeiro, one of Brazil's largest battery energy storage systems to supply electrical demand. The BESS (Battery Energy Storage System...
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