Petrobras divests 49% stake in 78 MW Brazilian wind projects

Petrobras has signed an agreement with Vinci Partners Investimentos Ltda involving the wind projects Eolica Mangue Seco 1, 3, and 4 located in Guamare town, Rio Grande do Norte state, Brazil. The transaction is valued at BRL132.4 million (US$24.5 million) in total.

The closing of the deal is subject to compliance with precedent conditions, such as approval by the Banco do Nordeste do Brasil, which finances the development of the wind farm, and by the Administrative Council for Economic Defense (CADE).

On the other hand, Petrobras is still working on selling its 51% stake in Mangue Seco 2.