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Brasil Energia to acquire a 545MW portfolio of solar plants in Brazil

Brasil Energia, has inked a deal with Atlas Renewable Energy to acquire a 545MW portfolio of solar plants in Brazil.

Brasil Energia is a Brazilian subsidiary of French utility Engie, while Atlas Renewable Energy is a portfolio company of Global Infrastructure Partners.

According to the companies, the latest portfolio consists of five solar plants, including the 120MW Juazeiro, the 54MW Sao Pedro, the 81MW Sol do Futuro, the 90MW Sertao Solar and the 200MW Lar do Sol, located across the states of Bahia, Ceara and Minas Gerais.

Engie Brasil Energia chief financial officer and investor relations officer Eduardo Takamori was quoted in a statement, “With the decision to invest in these assets, ENGIE Brasil Energia will ensure contracted energy compatible with the required return, positively impacting EBITDA [earnings before interest, taxes, depreciation and amortisation] margins in the long term.”

It has been informed that Engie is acquiring the portfolio for 3.24bn reais ($641.8m).


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