GPE completes acquisition of interests in hydropower plant and natural gas power plant projects in Brazil

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Brazilian utility Global Participacoes Energia SA (GPE) has completed the acquisition of an interest in two small hydropower plant projects with a combined capacity of 25.4 MW and a 40% stake in a natural gas power plant in Brazil. 

GPE has secured the 20% stakes in the 14 MW Agua Limpa and the 11.4 MW Areia small hydropower projects that are both located in Tocantins state from Petrobras. The projects are owned by Termoeletrica Potiguar SA (TEP). The 40% interest in a natural gas power plant located in Amazonas is acquired from Companhia Energetica Manauara SA (CEM) which owns the project. 

The two deals valued a total of BRL155.6 million (US$27.94 million). 

List of the country updates

Country updates

  • November 01, 2021

    EDPR secures 15yrs PPA deal for the 209 MW Monte Verde solar PV project in Rio Grande do Norte

    EDP Renewables (EDPR), through its subsidiary EDP Renováveis Brasil (EDPR Brasil), secured a 15-year Power Purchase Agreement (PPA) to sell the clean energy produced by the 209 MWac Monte Verde...

    Read more
  • October 26, 2021

    Enel Green Power starts operation of 206 MW Onshore wind project in Brazil

    Enel Green Power Brasil has started the operation of the Cumaru wind farm, in São Miguel do Gostoso.

    Read more
  • October 25, 2021

    Commercial operation starts for 475 MW solar project in Brazil

    Patria Investments has announced the beginning of operations of 475 MW Sol do Sertao solar complex located in Oliveira dos Brejinhos, Bahia State, Brazil.

    Read more
  • October 21, 2021

    IER signs MoU with Rio Grande do Norte state for 2.7 GW offshore wind farm project

    The State of Rio Grande do Norte in Brazil has signed a Memorandum of Understanding (MoU) with Internacional Energias Renovaveis Ltda (IER) for the development of a 2.7 GW offshore wind farm proj...

    Read more
  • October 21, 2021

    Rio Alto secures approval for 600 MW solar PV project in Paraiba

    The National Electric Energy Agency of Brazil, Aneel, has granted permission to Rio Alto Energias Renovaveis SA for the construction of the new photovoltaic plants in Paraiba, Brazil. The e...

    Read more

Share this update