EDP Renováveis to sell its 137 MW Babilonia wind farm in Brazil
Energias de Portugal SA has announced the agreement to sell the 137 MW Babilonia onshore wind farm in the Brazilian state of Bahia to an affiliate of private equity investor Actis, for a total consideration of approximately BRL650 million (US$171.88 million)(equity value; subject to customary closing adjustments).
The Babilonia wind park has been operating since the final quarter of 2018. It has a 20-year power purchase agreement (PPA) that was awarded to the project in an auction held in 2015.
The sale of the asset is pending regulatory clearance and is seen to close in the fourth quarter of 2019. It is part of EDP’s asset rotation strategy and brings the total proceeds for 2019-2022 up to a 25% share of the EUR4 billion (US$4.45bn) target.
Country updates
-
-
August 15, 2019
Eletrobras divests stakes in 843 MW Brazillian wind assets
Eletrobras is set to divest equity interests in 843.33 MW of wind power assets and 586 km of transmission lines. The purpose of the transaction is to complete the disposal of the remaining equity int...
Read more -
August 09, 2019
Brazil approves 89 MW renewable energy project to enter incentives scheme
The Ministry of Mines and Energy of Brazil has approved four renewable energy projects with a combined capacity of 89.2 MW to enter the national Incentive Regime for Infrastructure Development (R...
Read more -
August 09, 2019
Brazil approves Sao Francisco River Integration Project under Investment Partnership Program (PPI)
The Government of Brazil through the Ministry of Mines and Energy has approved the development of Sao Francisco River Integration Project (PISF) under the Investment Partnership Program (PPI...
Read more -
August 07, 2019
EDP Renováveis sells 137 MW Babylon wind project in Brazil
EDP Renováveis (EDPR) has signed an agreement with a subsidiary of the private equity firm Actis for the sale of all of its shareholding in a onshore wind project in Brazil with an installed ca...
Read more -
August 06, 2019
Solatio to invest USD5.4bn in 7.2 GW of solar in Brazil
Spanish energy developer Solatio Energia in a meeting with Minas Gerais state Governor in Brazil last week has announced the investment of BRL 21 billion (USD 5.4 billion) by 2023 in photovoltaic...
Read more
