Renova Energia selects Mubadala as winner for its sale of HPP unit
Mubadala Investment Company PJSC, a sovereign investment company of the United Arab Emirates, has been selected as the winner by the Brazilian renewables company Renova Energia SA for the sale of its small hydropower plant (HPP) units.
Mubadala Consultoria Financeira e Gestora de Recursos Ltda, through SF 369 Participacoes Societarias SA, targets the entire interest of Brasil PCH SA for BRL1.1 billion (US$210.18 million). Brasil PCH owns 13 HPP projects.
Renova Energia will use the proceeds of the transaction to complete the Phase A of its Alto Sertao III wind power complex. The company has filed for bankruptcy in 2019.
Country updates
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August 11, 2021
Trina Solar to provide PV modules for 671 MW solar park in Brazil
Trina Solar has announced that it starts shipping 210 Vertex modules for the 850 MWp Futura 1 photovoltaic solar park in Brazil.
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August 09, 2021
Omega buys half of 181.5 MW Ventos da Bahia 3 wind project in Mulungu do Morro
Omega (OMGE3) has signed a binding contract with French company EDF Renewables for the purchase of 50% of Ventos da Bahia 3 wind farm complex for up to BRL422 (US$81) million. A total of BRL196.6 (US...
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August 06, 2021
Neoenergia starts commercial operation of 34.65 MW wind project in Paraiba
Neoenergia has started the commercial operation of the 34.65 MW wind project located in Paraiba state, Brazil. The project consists of 10 wind turbines and is a part of the 471.25 MW Chafariz wind co...
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August 04, 2021
Neomille to build Greenfield ethanol production plant in Maracaju
Neomille, a subsidiary of CerradinhoBio, plans to build a corn-based ethanol plant in Mato Grosso do Sul, Brazil. With an investment of BRL1 billion (US$192 million), project Greenfield has an annual...
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July 30, 2021
BNDES to finance 68 MW solar project in Curral Novo
Brazil's National Development Bank (BNDES) will support the construction of 68 MW of solar project through a loan of BRL189.9 million (US$36.7 million), which corresponds to 80% of the total project c...
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