Geracao completes acquisition of CEA III from FIP IEER
Omega Geracao SA has completed the acquisition of the EA III – Centrais Eolicas Assurua III SPE SA, which owns the 50MW Assurua III Wind Complex from Fundo de Investimentos em Participacoes em Infraestrutura Energias Renovaveis (FIP IEER).
The wind complex consists of Laranjeiras III and Laranjeiras IX wind projects, in Brazil.
The deal represents about BRL19.8 million (US$3.8 million) in cash for a 10% stake in CEA III and a further BRL447,749 (US$85,613.9) upon the verification of the project's cash position.
Country updates
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April 01, 2020
Beginning of operations delayed for 1,405 MWe Angra 3 nuclear project
Eletrobras has announced the delayed operation of its 1,405 MWe nuclear reactor in Brazil. Angra 3 is now expected to be completed in November 2026. The facility was originally planned to commission...
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April 01, 2020
Brazil postpones privatization of Eletrobras
The Ministry of Economy of the Government of Brazil has postponed the planned privatization of the state-owned company Eletrobras till 2021. The government is set to generate up to BRL16.2 bill...
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March 24, 2020
Renova accepts the binding offer for Phase A of 743 MW Alto Sertão III wind complex
Renova Energia SA has accepted the binding offer jointly made by ARC Capital Ltda., G5 Administradora de Recursos Ltda., and XP Vista Asset Management Ltda. on financing for the completion of the work...
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March 23, 2020
IBS Energy awarded EPC contract for 80 MW biomass project of PowerChina
Grupo IBS Energy has been awarded an engineering, procurement and construction (EPC) contract from the unit of PowerChina, Sepco1 Construcoes do Brasil Ltda, for the development of an 8...
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March 23, 2020
Voltalia signs PPA for 150 MW VSM 3 wind project
Voltalia SA has signed a power purchase agreement (PPA) with an unnamed Brazilian utility for the energy produced from the 150 MW VSM 3 wind project in Brazil. The project is owned by Voltalia...
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