AES Tiete Energia SA has entered into an agreement with Renova Energia S.A. for the purchase of the totality shares of the 386-MW Alto Sertao II wind power complex in Bahia (Brazil).
Energy Finance & Investment News in Brazil
Engie Brasil Energia SA has announced the commissioning its 97.2 MW wind complex in Ceara State, Brazil.
The Brazilian Development Bank (BNDES) through its investment subsidiary BNDESPAR has selected Vinci Partners to manage its BRL-500 million (US$162.9 million) sustainable energy fund.
A federal court suspended the operating license for Brazil's 11.2 GW Belo Monte hydroelectric plant following allegations that the project's owners did not meet environmental requirements.
Rio Energy, a developer, owner and operator of renewable energy projects in Brazil, formed by energy-focused global private equity firm Denham Capital, has signed financing agreements with the National Bank for Economic and Social Development (BNDES) in Brazil, in the amount of BRL848 million (US$272 million), for the construction of eight wind farms in the Serra da Babilônia Complex.
Canadian Solar Inc. has announced that it has received US$20 million unsecured funding from the China and Portuguese-speaking Countries Cooperation and Development Fund (CPDFund) to support the development of eligible projects in Brazil, including the 191 MWp Pirapora I Project in the state of Minas Gerais.
The National Bank for Economic and Social Development (BNDES) has approved a total of BRL1.065 billion (US$342 million) in financing for the construction of eight wind farms in the state of Bahia, and four wind farms, located in Ceara state.
The Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank (IDB) is considering financing two wind projects in Brazil.
Governments of Latin America to discuss investment opportunities for energy projects – Washington, D.C March 2017
Latin American public and private sector leaders will address countries’ policies and strategies to engage investors and stimulate open discussions. 250 energy developers, financiers and public sector stakeholders are expected to attend the meeting from North America and countries across Latin America.
ABB has won an order worth around US$75 million to supply advanced converter transformers for the Belo Monte 800 kV ultra-high-voltage direct current transmission link.
The Enel Group and the Brazilian Development Bank (BNDES), the main financing agency for development in Brazil, have signed a 20-year term loan agreement worth around BRL373 million (US$115 million) that will cover part of the investment required to build the 102 MW Apiacas hydropower cluster, which is located in the state of Mato Grosso in Brazil’s Central-West Region.
Scatec Solar has signed an agreement with the Brazilian company Kroma Energia Ltda. and its partners, securing four PV plants totalling 150 MW (DC) co-located in the state of Ceará in Brazil.
Agencia Nacional de Energia Eletrica (Aneel), the Brazilian power regulator, has announced it has approved six hydropower plants with a total capacity of 51.77MW.
Golar Power has announced it has advanced with the development of the Porto de Sergipe LNG-to-Power Project, reaching a final investment decision.
ContourGlobal has announced that it has signed an agreement to acquire Neoenergia’s interests in a 206 MW portfolio of operating generation assets located in Brazil.
Gas Natural Fenosa, through its subsidiary GPG, acquires its first power generation project in Brazil with 68 MWp
GAS NATURAL FENOSA, through its subsidiary Global Power Generation, will acquire a majority stake of two ready to build solar projects in Brazil to Grupo Gransolar.
The Brazilian government awarded licenses for companies to build and operate 6,126 km of power transmission lines.
Brazil's state-controlled power holding company Eletrobras has announced that a shareholders assembly approved the sale of a controlling stake of power distribution company Celg-D.
Duke Energy has reached an agreement to sell its international businesses in Peru, Chile, Ecuador,Guatemala, El Salvador and Argentina to I Squared Capital for approximately $1.2 billion enterprise value (cash and the assumption of debt)
The Brazilian Odebrecht Organization has agreed to sell the 108 MW Corredor do Senandes wind power complex to Grupo NC, a Brazilian pharmaceutical and investment company.