Echoenergia completes acquisition of 197 MW wind portfolio from Voltalia

Voltalia has successfully developed and sold a ready-to-build 197 MW portfolio of wind farm projects to Echoenergia, a
company controlled by Actis Group. This sale is part of a wider partnership of up to 500 MW regarding a portfolio of future wind projects located in Voltalia’s Serra Branca cluster in North East Brazil.

Serra Branca has a long-term potential of nearly 2 GW, of which 309 MW are in operation, 223 MW are to be completed in 2020, and a large volume is fully developed and ready to be submitted to auctions for long-term power sale agreements or under private electricity sales contracts.

In this context, Voltalia has signed a partnership with Echoenergia which gives Echoenergia access to a series of ready-to-build sites within the Serra Branca cluster, up to a maximum of 500 MW (including the 197 MW capacity sold today).

These sites are at an advanced stage of development regarding land leasing, wind measurement, permitting and grid connection. It is then up to Echoenergia to secure long-term power sales agreements and to invest in order to finance construction. Echoenergia has already secured 197 MW of free market power sales agreements and will actively pursue more sales contracts up to the 500 MW maximum.

Voltalia will generate services revenues from the sale of the site and from other local services to Echoenergia during construction and operation of its plants. The partnership is also a way for Voltalia to share the cost of a new transmission line which will be available to all future Serra Branca projects. 

The sale and the partnership have no impact on Voltalia-owned projects in Brazil including 433 MW in operation and 223 MW won in December 2017 and August 2018.